VanEck and other institutions urge the U.S. Securities and Exchange Commission (USSEC) to approve Ethereum ETF staking applications based on the principle of 'first come, first served' and are unwilling to be approved in bulk with BlackRock.

CoinWorld news, reported on July 20, according to DL News, BlackRock's move this week to add staking options in its iShares Ethereum Trust has reignited discussions about the U.S. Securities and Exchange Commission's (SEC) batch approval process. VanEck, 21Shares, and Canary Capital have urged the SEC to consider adopting a first-come, first-served approval process, rather than a 'batch approval' with BlackRock, which submitted its application later. Bloomberg ETF analyst James Seyffart posted on the X platform that Ethereum ETH staking options submitted by multiple institutions 'will take time to complete.' The final deadline for early applications is in late October 2025, but the approval deadline for BlackRock's Ethereum ETH staking application is around April 2026, although it is believed that approval could possibly be granted as early as the fourth quarter of 2025. [CoinWorld]