Odaily Planet Daily News: According to two sources, the SEC requires issuers to submit draft S-1 documents by Friday. After that, the SEC will provide a first round of comments and eventually make further revisions. VanEck immediately submitted a revised version of its S-1 form on the day the ETF was approved. On May 30, BlackRock followed suit, detailing that its ETF will be seeded with $10 million. The details of the seed investment are fairly simple for issuers, which means that other aspects of the form may take longer to resolve. They said that the S-1 form is expected to be ready after at least two more rounds of draft submissions.