The SEC only asked for minor changes to the important 19b-4 forms for prospective spot Ethereum ETFs, according to a source.

“The issuers are being asked to update their 19b4s. The updates are relatively light,” said a high-ranking member at an issuer.

They did not comment on when the forms could be approved but suggested that the requests are a positive sign. “It would be odd to ask folks to update something, only to reject them later, although I guess in this market literally anything can happen,” they said.

On May 20, the Wall Street Journal and CoinDesk reported that the SEC had asked issuers to update their 19b-4 forms ahead of the pending final deadlines for some issuers. This came after Bloomberg ETF analyst Eric Balchunas said that he was hearing chatter that the SEC had …