According to ChainCatcher, Nate Geraci, president of The ETF Store, posted on social media that the SEC seems to be holding its breath like before the 19b-4 application is approved, but he still believes that the SEC will approve the S-1 application for the ETH spot ETF next week and there is no reason to delay.

In response, Bloomberg analyst Eric Balchunas said that every issuer is ready and the documents are ready, and maybe things will develop quickly next week.