Golden Finance reported that Bloomberg analyst Eric Balchunas wrote on the X platform: "It is reported that the issuer is still waiting for the SEC's Corporate and Financial Division to comment on the S-1 they submitted two weeks ago. This is the first time the department has reviewed these documents. Why? Because (very likely) the last-minute political shift surprised them. It is unclear whether they will prioritize this work, and my previous prediction that the spot Ethereum ETF S-1 will be approved around July 4 may need to be postponed." It was previously reported that the SEC chairman said at the hearing that the document may be approved this summer, but did not specify a specific date.