According to Odaily Planet Daily, Nate Geraci, president of The ETF Store, said in an article on X that the U.S. SEC is taking similar measures to 19b-4 for the spot Ethereum ETF S-1 and is keeping silent about the progress, but he still believes that it will be approved next week and there is absolutely no reason to delay.

In this regard, Bloomberg ETF analyst Eric Balchunas said that there was no movement from the SEC this week and it was unclear why they took so long. Every issuer was ready and the documents were submitted. It was like a baseball game delayed by rain. We can only wait. Maybe things will move quickly next week.