Ethereum spot ETF issuers are still waiting for comments from the SEC after submitting their first round of S-1 draft documents on May 31, according to two people familiar with the matter.
Issuers had expected the SEC to comment on the drafts on June 7. However, at least two issuers have not received any feedback yet. One person familiar with the matter said they now expect a response this week.
Earlier, SEC Chairman Gary Gensler said it would take some time to approve the S-1 document, and it was unclear how long the process would take. A source previously said that the S-1 document is expected to go through at least two more rounds of draft document submissions before it is ready. (The Block)