PANews reported on May 22 that regarding the potential approval timeline for the Ethereum spot ETF, renowned financial lawyer Scott Johnsson stated on the X platform that the U.S. Securities and Exchange Commission (SEC) took nearly four months to review and amend the Bitcoin (BTC) spot S-1 form and five months to review the Bitcoin (BTC) futures S-1 form. If the company's finance department indeed learned about this potential approval yesterday, they might just be starting. This situation is not straightforward, making it difficult to know how quickly they can advance this process.

Bloomberg ETF analyst James Seyffart quoted the above remarks and commented that it is commonly believed that the "approval" of the 19b-4 filing means the immediate launch of the Ethereum ETF. This is not necessarily the case. There could be a few days (at least) between approval and release, possibly at least a few weeks, or even months.