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A roster of eight United States-based spot Ether exchange-traded funds (ETFs) are inching closer to going live, but crypto asset manager Bitwises chief compliance officer Katherine Dowling says an exact launch date remains unknown.

Were seeing in the S-1 amendments that there are fewer and fewer issues that are being vetted back and forth between issuers and the SEC, Dowling told Bloomberg on July 9.

Form S-1s provide information about the issuer and the securities they intend to offer. Once approved, the products can launch.

US Securities and Exchange Commission Chair Gary Gensler recently predicted thatthe spot Ether (ETH) ETFs will launch sometime in the summer.

Everyone has a different definition of summer. Its been a little bit of a long, hot summer for the issuers waiting, Dowling said.

Several spot Ether ETF issuers have been waiting for six weeks to have their S-1 registration statements signed off by the SEC after the regulator approved several 19b-4 filings on May 23.

The issuers submitted their amended S-1s in early July after the securities regulator provided a first round of feedback.

Bitwises chief investment officer Matt Hougan speculatedthat the spot Ether ETFs could attract up to $15 billion in inflows in the first 18 months of trading roughly the same amount that the spot Bitcoin ETFs have mustered since launching six months ago.

Dowling revealed that the SEC has also been open to discussions concerning non-Bitcoin and Ether products as well.

Weve actually dialogued with the SEC about the possibility of whats coming down the pipe with new products, Dowling said.

The Chicago Board Options Exchange (CBOE) filed applications to list spot Solana (SOL) ETFs on behalf of VanEck and 21Shares on July 8.

Related: Invesco Ether ETF sets fees at 0.25% as competition among issuers heats up

However, Dowling isnt confident that a third spot cryptocurrency ETF will be approved under Genslers leadership.

Senior Bloomberg ETF analyst Eric Blachunas made a similar observation on July 9, saying that a spot Solana ETF application would likely be dead on arrival if Biden were to be re-elected and Gensler kept on as the head of the financial regulator.

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Ethereum ETFs close to the finish line Bitwise exec - Cointelegraph