More good news about ETH Spot ETF, SEC is speeding up the process!

According to a recent development, the SEC may be speeding up the approval process for spot Ethereum ETFs. Here are the details.

The U.S. Securities and Exchange Commission (SEC) is reportedly calling on exchanges to expedite updates to 19b-4 filings for the Ethereum Spot ETF, according to three sources familiar with the matter.

According to sources, the move suggests that the SEC may be aiming to approve these applications before a key deadline this Thursday.

However, this does not mean that the Ethereum Spot ETF will be licensed. Potential issuers also need to approve the S-1 application before the product can begin trading.

It could take an unknown amount of time for the SEC to approve the S-1 filing because there is no set deadline for the process, a person familiar with the matter said.