President of ETF Store: SEC May Approve Ethereum Spot ETF's 19b-4 Filing This Week, but S-1 Approval Will Be Slower

PANews reported on May 20 that ETF Store President Nate Geraci tweeted that the SEC will make a decision on the Ethereum spot ETF this week. The SEC must approve both 19b-4 (rule change) and S-1 (registration statement) for the ETF to be launched. Technically, the SEC could approve the 19b-4s and then slow down the approval of the S-1 (especially considering the lack of participation).