According to PANews, Eric Balchunas, a senior analyst at Bloomberg, recently tweeted that the U.S. Securities and Exchange Commission (SEC) is expected to return the revised Ethereum ETF's 19b-4 document to them before 10 a.m. local time, based on the numerous comments they received today. The approval could potentially be granted as early as Wednesday.
In addition, James Seyffart, a Bloomberg ETF analyst cited by Cointelegraph, stated that the approved 19b-4 must be accompanied by a signed S-1 registration statement in order to launch the Ethereum ETF. Even if the 19b-4s are approved this week, the signing of the S-1 could take several weeks or even months.
Previously, Eric Balchunas had stated that the probability of the Ethereum ETF being approved had increased from 25% to 75%.
