According to PANews, a source revealed that the U.S. Securities and Exchange Commission (SEC) has returned the S-1 form to potential Ethereum ETF issuers with a small number of comments, requiring them to process these comments and resubmit them by July 8. The source pointed out that the return of the form does not mean that this is the final filing, and at least one round of filing is required before the ETF can start trading.