Neng Xin Gan

VanEck and other organizations urge the U.S. SEC to approve Ethereum ETF staking applications on a 'first-come, first-served' basis, unwilling to be approved in bulk with BlackRock
$ETH
BlackRock's recent addition of staking options to its iShares Ethereum Trust has reignited discussions about the U.S. Securities and Exchange Commission's bulk approval process. VanEck, 21Shares, and Canary Capital have urged the SEC to consider adopting a first-come, first-served approval process, preferring not to be 'bulk approved' alongside BlackRock, which submitted its application later.

Bloomberg ETF analyst James Seyffart posted on the X platform that the Ethereum ETF staking options submitted by multiple institutions 'will take time to complete.' The final deadline for early applications is in late October 2025, while the approval deadline for BlackRock's Ethereum ETH staking application is around April 2026, although it is believed that approval may come as early as the fourth quarter of 2025.