The approval process for several highly anticipated Ethereum exchange-traded funds (ETFs) in the US has been delayed, according to recent regulatory filings. This delay impacts proposals from investment firms including VanEck, Ark Invest, Hashdex, and Grayscale.

The delays have sparked discussions about the future of crypto ETFs in the US, with some experts expressing lower odds of approval. Bloomberg ETF analyst James Seyffart noted a shift in his outlook, citing the SEC’s lack of engagement on Ethereum-specific issues compared to Bitcoin ETFs.

Eric Balchunas also pointed out the absence of bullish signs, reducing the chances of a favorable decision for Ethereum ETFs. The conversation also touched upon potential regulatory differences between Ethereum and Bitcoin.

In addition, both Fidelity and Grayscale have added staking components to their Ethereum ETF applications. Staking involves locking up digital assets to support the network and participants receive rewards in crypto.

However, US lawmakers have raised concerns over investor risks related to new crypto-related ETFs. As the May 23 deadline approaches, the crypto community is eagerly awaiting further developments.

Fabio

Full Stack Developer

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I’m passionate about web development and design in all its forms, helping small businesses build and improve their online presence. I spend a lot of time learning new techniques and actively helping other people learn web development through a variety of help groups and writing tutorials for my blog about advancements in web design and development.

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