Insiders: Ethereum spot ETF issuers are still waiting for the first round of S-1 form comments from the U.S. SEC

ChainCatcher news, according to The Block, two informed sources revealed that the issuer of the Ethereum spot ETF is still waiting for comments from the SEC after submitting the first round of S-1 form drafts on May 31. The issuer originally expected the SEC to comment on these drafts by June 7. However, at least two issuers have not yet received any feedback. One informed source stated that they now expect a response this week.

Previously, SEC Chairman Gary Gensler indicated that approving the S-1 form "takes some time." It is still unclear how long this process will take. One source had previously stated that they expect the S-1 form to go through at least two more rounds of draft documents before it is ready.