According to PANews, the U.S. Securities and Exchange Commission (SEC) has reportedly asked potential issuers of an Ethereum spot ETF to submit a revised S-1 form by Friday. Following this, the SEC will provide the first round of comments, after which the issuers will make further modifications.
Insiders anticipate that the S-1 form will need to go through at least two more rounds of draft submissions before it is ready. Analysts predict that the S-1 approval process will take several weeks. The information was provided by sources cited by The Block.