ETH spot ETFs are not as popular as BTC ETFs, and even if they are approved, they are likely to see short-term declines

Lucas Kiely, chief investment officer at digital asset investment platform Yield App, said that even if an Ethereum spot ETF is approved, it is likely to see a short-term downturn, similar to what happened with BTC spot ETFs, according to Cointelegraph. “Ethereum has surged 20%. Investors should move forward with caution. The SEC hasn't made a decision yet, and it could be anything,” he added.

Meanwhile, “Bitcoin spot ETF issuers Valkyrie and Coinshares will not apply to launch an Ethereum (ETH) spot ETF, citing the lack of staking,” Fox Business reporter Eleanor Terrett reported via X. Terrett cited unnamed sources as saying. “According to unnamed sources, Valkyrie believes that without staking, an ETH spot ETF cannot provide value to investors,” he added.

Previously, DeCrypt reported, “When the U.S. Securities and Exchange Commission (SEC) asked applicants and exchanges for approval of ETH spot ETFs to update their 19b-4 (Request for Review), several applicants removed ‘staking’ from their amendments. This appears to be a concession by issuers to meet the SEC's requirements.”