Source: Ethereum spot ETF issuer may respond to SEC comments before Friday

Two people familiar with the matter revealed that the issuer of the proposed Ethereum spot ETF received comments on the S-1 filing from the U.S. SEC last week and plans to submit a response by Friday this week. A source from an issuer said that the latest round of comments was "reasonable" and is expected to be approved soon. Another source said, "I expect someone to submit documents soon this week, and then we will see how many rounds of applications are needed." In May of this year, the Ethereum spot ETF 19b-4 form was approved, and then the issuer submitted the first round of S-1 drafts. SEC Chairman Gary Gensler said that the time to approve the S-1 will largely depend on how quickly the issuer responds to the SEC's feedback. (The Block)