According to BlockBeats, on July 13, Nate Geraci, President of The ETF Store, shared on social media that the SEC appears to be in a phase similar to the 'holding breath' stage before approving a 19b-4 application. However, he remains confident that the SEC will approve the S-1 application for an ETH spot ETF next week, with no reason for further delays.
![](https://public.bnbstatic.com/static/content/live-admin-api/images/nivfYVAVcTh4FgiyfgB8NC.jpeg)
Bloomberg analyst Eric Balchunas echoed this sentiment, stating that every issuer is prepared and the necessary documents are ready. He suggested that developments could progress rapidly next week.