ETFStore President: SEC likely to approve 19b-4s and then slow down S-1s

Nate Geraci, the President of ETFStore, stated on X platform that the SEC will make a decision on the spot EthETF this week. The SEC must approve 19b-4s (exchange rule changes) and S-1s (registration statements) before the ETF can be launched. Technically, the SEC may approve 19b-4s and then slow down the execution speed of S-1s (especially considering the lack of participation reported here).