#AltcoinETFsPostponed The annual yield of Ether in staking is estimated at 2.4% on Coinbase, while on Kraken, another US-based exchange, it ranges between 2% and 7%. According to Sosovalue, Ether ETFs have accumulated a net inflow of $2.28 billion since their launch in 2024.

The competition for Ether ETF staking includes other asset managers, such as 21Shares iShares Ethereum Trust from BlackRock. The company applied for authorization to offer staking services in February and is currently awaiting approval from the agency.

The SEC approves options for multiple spot Ether ETFs

Despite the delay in staking applications, the SEC is moving forward with regulatory requests related to cryptocurrency ETFs.

On April 9, the agency approved the trading of options for multiple spot Ether ETFs, allowing derivatives to appear in funds from BlackRock, Bitwise, and Grayscale ETFs.

Options trading involves the right to buy and sell contracts that grant investors the right, but not the obligation, to purchase an asset at a predetermined price. This approval expands the utility of the funds for institutional investors.

Efforts to expand the appeal of Ether ETFs reflect the lack of adoption in contrast to Bitcoin (BTC) ETFs launched in January 2024. While Ether ETFs accumulated a net inflow of $15.29 billion as of April 11, Bitcoin fund flows exceeded $15.29 billion according to Sosovalue.

Ether has also faced tough moments during this bull market compared to other assets like XRP (XRP) and Solana (SOL). The asset's 52-week high of $4,112 did not surpass its all-time high of $4,866 in November 2021. The token is trading below $2,000 on April 14.