The controversy over Ethereum staking ETFs is heating up, as BlackRock's delayed application has sparked calls in the market for the SEC to reject the "package approval."

On July 20, according to DL News, "approve all at once or handle them one by one" — this is the dilemma the SEC faces in considering how to respond to the Ethereum Spot ETF staking amendment. This week, BlackRock's iShares Ethereum Trust Fund submitted an application to add staking functionality, reigniting discussions around the SEC's batch approval process. Although Franklin Templeton, Grayscale, 21Shares, and Fidelity submitted similar requests months ago, BlackRock's proposal was submitted later, with a final approval deadline set for April 2026. Although it appears early, analysts expect the SEC may make a decision sooner — possibly as early 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.