According to BlockBeats, on July 20, DL News reported, 'Approve all at once or handle one by one'—this is the question the U.S. Securities and Exchange Commission (SEC) faces when considering how to respond to the Ethereum spot ETF staking amendment.

This week, BlackRock's iShares Ethereum Trust submitted an application to add staking functionality, reigniting discussions around the SEC's batch approval process.

Although Franklin Templeton, Grayscale, 21Shares, and Fidelity submitted similar requests months ago, BlackRock's proposal was submitted later, with a final approval deadline of April 2026.

Despite appearing early, analysts expect the SEC may make a decision sooner—potentially as early as the fourth quarter of this year—and provide a unified ruling for all applicants. This approach would be consistent with the SEC's handling of spot Bitcoin and Ethereum ETF approvals last year.