According to Odaily Planet Daily, Fox Business reporter Eleanor Terrett disclosed on the X platform that spot Bitcoin ETF issuers CoinShares and Valkyrie have stated that they will not apply for spot Ethereum ETF. The main reason is that spot Ethereum ETF cannot participate in staking. Without the staking function, the two digital asset investment companies believe that spot Ethereum ETF has no value for investors, especially since there are already 9 spot Bitcoin ETFs on the market, which is already too crowded.