Regulators are urging exchanges seeking to offer spot ether (ETH) exchange-traded funds (ETFs) to quickly update crucial documents. The U.S. Securities and Exchange Commission (SEC) has requested these updates promptly, according to sources.

This could indicate a readiness to approve these ETFs soon, especially with an important deadline this Thursday. However, approval isn’t guaranteed. Companies must also get their S-1 applications approved before trading can begin, and the SEC has no set timeline for this, potentially delaying the process.