On May 20, Matrixport published a graphic that showed notable advancements in the Ethereum (ETH) Exchange Traded Fund (ETF), according to Odaily. The exchange was asked to alter its application by the Securities and Exchange Commission (SEC). Three days later, on May 23, the SEC authorized the 19b-4 filing; nonetheless, the ETF issuer's S-1 application remained unapproved. After that, ETH increased by 20%.The SEC might have delayed clearance until July 8 to accommodate the July 4 holiday and long weekend. According to Matrixport, if the SEC acts this week, the price of ETH might rise because it has accurately reflected the feeling of approval. Given that the SEC's rulings can have a substantial impact on ETH's and its ETF's future, this information