According to Odaily, Nate Geraci, President of The ETF Store, has expressed anticipation for developments in the approval of the Ethereum Spot ETF S-1 this week. Geraci made these comments on platform X, stating that the issuer had submitted revised documents a week ago and, in his view, the Securities and Exchange Commission (SEC) does not have much work left to do.

Previously, at the end of May, Geraci had also shared his thoughts on platform X. He had stated that no one knows exactly when the SEC will approve the Ethereum Spot ETF S-1, but he expected it to happen within the next few weeks, or at most, in two to three months. He believed that after the Bitcoin Spot ETF and Ethereum Futures ETF, the bulk of the work has already been completed. The only question remaining was how long the SEC would want to delay.