SEC Asking for Ether ETF Filings Update Is 'Somewhat Surprising': Legal Expert

There are various forms that need to be submitted and approved before any kind of ETF is approved for sale to the public. And so what's happened is that the SEC has asked applicants to update their forms, which is, as you said, very surprising because a lot of people were under the impression that this was dead in the water. So the fact that the SEC has asked people to update their forms and to do it on an expedited basis is somewhat surprising. And for those that hope that the SEC moves to a more accepting approach to digital assets, promising.