Nate Geraci, president of The ETF Store, posted on social media, "It looks like the SEC is doing something similar to 19b-4s for spot, Ethereum ETF S-1s... still thinks it will be approved next week, there is absolutely no reason to delay." In response, Eric Balchunas said that yes, there was no movement from the SEC this week. It is not clear why they took so long. Every issuer is ready and the documents are ready. It is like a baseball game delayed due to rain and can only wait. Maybe things will move quickly next week.