[Ethereum ETF issuer responds to SEC comments, expected to submit response this week] According to Golden Finance, potential issuers of spot Ethereum ETFs are responding to the U.S. Securities and Exchange Commission (SEC)'s comments on Form S-1 last week and plan to submit responses by this Friday. Sources revealed that the SEC's comments were considered "minor" and "reasonable" and are expected to be approved soon. In May of this year, after the issuer's Form 19b-4 was approved, they submitted a preliminary draft of Form S-1, but it took the SEC two weeks to provide feedback. Eric Balchunas, senior ETF analyst at Bloomberg, expects the product to go live in early July. SEC Chairman Gary Gensler said the approval time depends on how quickly the issuer responds to feedback. Analysts predict that the flow of Ethereum ETFs could reach 20% of that of Bitcoin ETFs.