Debate Over SEC Approval Process Intensifies Amid BlackRock's Ethereum Trust Fund Move

According to PANews, BlackRock's recent decision to add a staking option to its iShares Ethereum Trust Fund has reignited discussions about the U.S. Securities and Exchange Commission's (SEC) batch approval process. VanEck, 21Shares, and Canary Capital have urged the SEC to adopt a first-come, first-served approval method, expressing concerns about being grouped with BlackRock, which submitted its application later. Bloomberg ETF analyst James Seyffart commented on the X platform that the staking options submitted by various institutions will require time to complete. The final deadline for early applications is set for late October 2025, while BlackRock's Ethereum staking application is expected to be reviewed by April 2026. However, Seyffart anticipates that approval could occur as early as the fourth quarter of 2025.