The SEC will make an important decision on the application for the Ethereum spot ETF this week, which is a critical moment for the cryptocurrency market. ETF Store President Nate Geraci revealed that the SEC needs to approve both 19b-4 and S-1 documents to successfully launch the ETF. Considering the recent low market participation, it may affect the approval progress of S-1. Therefore, while the approval of 19b-4 may be technically smooth, the approval of S-1 may encounter some delays.