SEC's Request for Updated Filings.

The SEC's request for updated 19b-4 filings suggests a possible shift in their stance towards ether ETFs. Three sources told CoinDesk that the SEC might be moving towards approving these applications before a key deadline this Thursday.

However, even if the 19b-4 filings are approved, issuers still need their S-1 applications approved before the products can begin trading. Due to the lack of a specific deadline, the SEC can take indefinite time to approve the S-1 documents.