PANews reported on May 23 that Bloomberg ETF analyst Eric Balchunas stated on the X platform: "My most optimistic guess is that we will receive news from the US SEC (regarding the spot Ethereum ETF) around 4 PM New Jersey time tomorrow (4:00 AM Beijing time on Friday)."

Earlier, a Fox reporter indicated that the SEC might approve the 19b-4 filing tomorrow and then collaborate with the issuer on the S-1 over the next few weeks or months.