While ETF analysts expect Ether spot ETFs to open for trading in early July, the US media continues to report news confirming this. Speaking to The Block, an executive at one of the ETF issuers said they had to respond to the SEC’s requests for S-1 filings last week by the close of business this Friday.

“We are now waiting for approval”

As it is known, the SEC approved the documents, also known as 19b-4 filings, in May. However, in order for ETFs to open for trading, S-1 documents must also be approved and there is no clear date for this. Speaking to The Block, an executive of one of the ETF issuers said that the SEC’s demands are not coercive, but mild and reasonable:

“The recent requests and comments were not coercive. They were reasonable and acceptable. We expect approval shortly.”

The second source quoted in the news report said, “There will be quick returns to the SEC this week. In the end, we will see how quickly the process will continue.”

Eric Balchunas, an ETF analyst at Bloomberg, said he expects ETFs to be accepted by July 2, but added that it could be slightly earlier or later.

ETF issuers submitted their first updates to their S-1 filings in the week ending May 31.

Experts say they expect interest in Ether spot ETFs to be 1 in 5 of Bitcoin funds, and they think that the exclusion of “staking” activity will reduce interest.