In response to Ark 21Shares' submission of the S-1/A amendment for the Ethereum ETF registration application, ETFStore President Nate Geraci posted on the X platform: "In my opinion, the SEC currently has three options: 1) Approval of the Ethereum spot ETF. 2) Force the closure of the Ethereum futures ETF (the SEC only approved the trade last October). 3) Deny approval of the Ethereum spot ETF and potentially face litigation, since the Ethereum futures ETF has been approved before. There are some nuances here, but these are options .Options 2 and 3 do not appear to be viable options."