VanEck and other institutions urged the US SEC to approve Ethereum ETF pledge applications on a "first-in, first-out" basis, and were unwilling to be approved in batches with BlackRock

07-20

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According to ChainCatcher and DL News, BlackRock's move to add staking options to its iShares Ethereum trust fund this week has reignited discussions about the SEC's batch approval process. VanEck, 21Shares, and Canary Capital have urged the SEC to consider a first-come, first-served approval process, rather than wanting to be "batch approved" alongside BlackRock, which submitted its application later.

Bloomberg ETF analyst James Seyffart posted on X platform that the staking options for Ethereum ETFs submitted by multiple institutions will "take time to complete". The final deadline for early applicants is late October 2025, but the response deadline for BlackRock's ETH staking application is around April 2026, though he believes it could potentially be approved as early as the fourth quarter of 2025.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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