Valkyrie will not apply for Ethereum spot ETFs due to the staking ban. FOX Business crypto journalist Eleanor Terrett reports:
“The issuer of the#BTC#Valkyrie spot ETF will not apply for the#ETHspot ETF primarily due to the no-staking aspect. Without it, people familiar say the company doesn't see value for investors, especially in a crowded market where there are already nine other issuers."
The main thing is that BlackRock, Grayscale, and Fidelity do not withdraw their applications. Market giants. Then “the squad will not notice the loss of a fighter.”