Source: Ethereum spot ETF issuers need to complete the modification of S-1 form and submit it before this Friday

BlockBeats news, June 19, The Block cited two sources as saying that the expected Ethereum spot ETF issuer received comments from the U.S. Securities and Exchange Commission (SEC) on its S-1 form last week, and it needs to complete the modification and submit it before this Friday.

Although the issuer's 19b-4 form was approved in May, they still need the S-1 form to take effect before they can start trading-there is no strict deadline for this process. Currently, the forms are being revised and returned to the SEC for further comments until they are ready.

A source from an issuer said that the latest round of comments was "reasonable" and they look forward to approval soon. Another source from an issuer described the comments as "minor".

"I guess you'll see people submit documents quickly this week, and then we'll see how many revisions are needed," said the second source.