The U.S. Securities and Exchange Commission (SEC) has made a surprising move in the approval process for spot
Ethereum
ETFs by sending back S-1 forms to the issuers. An insider from one of the issuers informed The Block that the forms were returned with a request for minor adjustments, and the issuers have been instructed to resolve the identified issues and submit the revised forms again. This development indicates potential delays in the final approval for spot Ethereum ETFs, and it appears that another round of submissions will be necessary before the ETFs can be traded.
