Source: SEC has begun discussions with Ethereum ETF applicants on S-1 filings

According to sources, the U.S. Securities and Exchange Commission has begun discussions with potential Ethereum ETF issuers regarding S-1 registration statements. Although the revised 19b-4 form has been submitted, there has been little progress on the S-1 form so far. When asked about the conversations related to the S-1 form, a senior person at an issuer said: "Basically, it's just starting. It feels a bit like (the investment management department) was caught off guard by the change in official attitude. So, it's just starting." The source added that they do not expect the progress of the Ethereum ETF to be abandoned, but remain cautious. For the Ethereum ETF to be approved, the 19b-4 form must be approved by the SEC, and then the S-1 registration statement must become effective. Only after this can related transactions begin. (The Block)