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