Insider: The issuer of Ethereum spot ETF is still waiting for the first round of S-1 form comments from the U.S. SEC

PANews reported on June 11th, according to The Block, two insiders revealed that the issuer of Ethereum spot ETF is still waiting for comments from the SEC after submitting the first round of S-1 form drafts on May 31st. The issuer originally expected the SEC to comment on these drafts by June 7th. However, at least two issuers have not received any feedback yet. One insider said they now expect a response this week. Previously, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), stated that approving an S-1 form "takes some time". It's currently unclear how long this process will take. A source previously stated that they expect at least two more rounds of draft documents before the S-1 form is ready.