Informed sources: Ethereum spot ETF issuers are still waiting for the first round of S-1 form comments from the US SEC

Ethereum spot ETF issuers are still waiting for comments from the SEC after filing the first round of draft S-1 forms on May 31, according to two people familiar with the matter. The issuers had expected the SEC to comment on the drafts on June 7. However, at least two issuers have yet to receive any feedback. They now expect a response this week, according to one person familiar with the matter. This comes after Gary Gensler, chairperson of the Securities Exchange Commission (SEC), said approval of the S-1 form "will take some time". It is unclear how long the process will take. A source previously said they expect the S-1 form to go through at least two more rounds of draft filings before it is ready.