Odaily News According to sources, the U.S. Securities and Exchange Commission has begun discussions with potential Ethereum ETF issuers regarding S-1 registration statements. Although the revised Form 19b-4 has been submitted, there has been little progress on the S-1 Form so far. When asked about the conversations regarding the S-1 Form, a senior person at an issuer said: "Basically, it's just beginning. It feels a bit like the (Investment Management Department) was caught off guard by the change in official attitude. So, it's just beginning." The source added that they do not expect progress on the Ethereum ETF to be abandoned, but remain cautious. For the Ethereum ETF to be approved, the SEC must approve the Form 19b-4, and then the S-1 registration statement must take effect. Only after that can related transactions begin. (The Block)