According to Reuters, the SEC has contacted the Nasdaq, Chicago Board Options Exchange and the New York Stock Exchange to request that they update their spot Ether ETF applications.

The request was sent mere days before the SEC is scheduled to decide on whether to approve or deny VanEck’s spot ETH applications after delaying the approval process for 240 days.

Analysts say that requesting filing updates is a strong signal that the SEC is planning to approve the products. Earlier in the week, Bloomberg ETF analysts significantly raised their bets that the SEC would approve the spot Ether ETFs this week.

The thinking is that once the SEC approves VanEck's application on May 23, it will also approve other ETF applications from Ark 21Shares, BlackRock, Fidelity and others. However, until now, the securities regulator has not signaled publicly whether it would approve or deny VanEck'S application.#ETHETFS