The Block reported, citing people familiar with the matter, that issuers planning to issue Ethereum spot ETFs received comments from the U.S. Securities and Exchange Commission (SEC) on their S-1 documents last week, and issuers need to submit revised documents before Friday.

Binance Exchange - the world's largest Bitcoin exchange, register to receive a 20% commission rebate.

Binance referral code XSGEK3VL

Binance registration: https://www.binance.com/zh-CN/join?ref=XSGEK3VL (20% commission rebate) or refer to the Binance registration tutorial. Spot contracts are automatically rebated 20% every hour.

According to Zombit’s previous report, the 19b-4 documents of Ethereum ETF issuers were approved in May, but they still need to wait for the S-1 documents to take effect before they can start trading. Currently, these documents are being revised and repeatedly submitted to the SEC for further comments until the SEC deems them ready.

One publisher source said the latest round of reviews was "reasonable" and they expected approval soon, while another publisher source described the reviews as requiring only minor tweaks.

“I expect you’ll see people submitting documents very quickly this week, and then we’ll see how many revisions are needed.”

Eric Balchunas, senior ETF analyst at Bloomberg, wrote on X that he had heard similar comments about the progress of the S-1 filing and said he would adjust his forecast date for the launch of these products to July 2. He noted that this is just a best guess.

The SEC has not yet made it clear when it will approve the S-1 form, but SEC Chairman Gary Gensler has revealed that it may be approved sometime this summer. Later in an interview, he added that the timing of approval will largely depend on how quickly the issuer responds to the agency's feedback.

It is not yet clear how much impact the Ethereum ETF will have after its listing, but some analysts predict that it may attract about 20% of the inflow of funds that the Bitcoin ETF will attract.