According to The Block, according to two people familiar with the matter, Ethereum spot ETF issuers are still waiting for comments from the SEC after submitting the first round of S-1 draft forms on May 31. Issuers originally expected the SEC to comment on the drafts on June 7. However, at least two issuers have not received any feedback. A person familiar with the matter said they now expect a response this week.
Earlier, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), said that it would take some time to approve the S-1 form. It is unclear how long this process will take. A source previously said that they expect the S-1 form to go through at least two more rounds of draft documents before it is ready.
