According to the Daily Planet, Steven McClurg, chief investment officer of Valkyrie, said that spot Ethereum exchange-traded funds (ETFs) may not appear soon, but may be approved in the next one or two years. In the past few months, large companies such as Fidelity and BlackRock have applied for spot Ethereum ETFs, and some analysts predict that the U.S. Securities and Exchange Commission may approve these products as early as May this year. It is worth noting that Valkyrie currently has no competing spot Ethereum ETFs. Previously, the U.S. Securities and Exchange Commission approved the first batch of spot Bitcoin ETFs in the United States last month, attracting billions of dollars in funds.

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