Ethereum Staking ETF Controversy Heats Up as BlackRock's Delayed Application Triggers Market Calls for SEC to Reject "Blanket Approval"

BlockBeats News, July 20th, according to DL News, "All at Once or One by One"—this is the issue the U.S. Securities and Exchange Commission (SEC) is facing when considering how to deal with the Ethereum spot ETF collateral amendment.

This week, the iShares Ethereum Trust, owned by BlackRock, filed an application to add collateral functionality, reigniting the discussion surrounding the SEC's batch approval process.

While Franklin Templeton, Grayscale, 21Shares, and Fidelity submitted similar requests months ago, BlackRock's proposal came later, with its final approval deadline set for April 2026.

Although the deadline may seem far off, analysts expect the SEC to make a decision earlier—potentially as soon as the fourth quarter of this year—and provide a unified ruling for all applicants. This approach would be consistent with the SEC's approval process for spot Bitcoin and Ethereum ETFs last year.