The Ethereum ETF issuers S1 form is not subject to any specific deadline constraints and approval depends on the processing speed of the US SEC

According to BroadChain Finance, on July 1st, The Block reported that the U.S. Securities and Exchange Commission (SEC) returned the S-1 form to the potential Ethereum ETF issuer before it became effective.
Sources say that the returned forms only had a few comments attached. The issuer has been asked to address these comments and resubmit them by July 8th.
This means that at least one more filing will be needed before the ETF can begin trading. However, the S-1 form does not have a specific deadline, and the issuer will have to rely on the processing speed of the U.S. SEC.