ChainCatcher reported that according to The Block, in the latest round of negotiations before the S-1 form came into effect, the U.S. Securities and Exchange Commission (SEC) returned the S-1 form to its potential Ethereum ETF issuers.

Sources said that these returned forms were only accompanied by a small number of comments. Issuers have been asked to process these comments and resubmit them by July 8. This means that at least one more round of filings will be required before the ETF finally begins trading. However, there is no specific deadline for the S-1 form, and issuers need to rely on the processing speed of the U.S. SEC.