Valkyrie: Spot Ethereum ETF approval will take 1-2 years
Steven McClurg said that spot Ethereum funds will not be launched in May as some analysts believe
23.02.2024 - 09:17
495
3 min
0
What’s new? Steven McClurg, CIO of asset manager Valkyrie, said that the launch of spot Ethereum exchange-traded funds (ETFs) will not be approved in May as some analysts believe. He predicted that it will take 1-2 years for the investment instruments to be approved. In an interview with The Block, McClurg explained that “There was a lot of work put into getting spot bitcoin launched on behalf of regulators and the SEC, as well as the issuers.” This is a new asset class, so regulators and companies have a lot to learn, he added.
What else is known? There are many differences between bitcoin and Ethereum, McClurg said, so it will take the SEC a long time to understand what disclosure looks like for such a product. In addition, some of the applications for a spot Ethereum ETF have included a staking component, which McClurg said could add another layer of complexity.
Analysts at S&P Global Ratings said in a report that staking could increase the risk of Ethereum consolidation. Ark Invest and Franklin Templeton said they intend to generate additional returns by placing the underlying ETH.
Blofin: Traders expect ETH yields to decline in the coming months
The defendants seized the personal data of several dozen users and persuaded operators to transfer their numbers to controlled SIM cards
In January, the SEC postponed the deadlines for applications by investment firms Fidelity and BlackRock for spot ETH ETFs to March 5 and March 10, respectively. Bloomberg analyst James Seyffart admitted that the key date could be May 23.
In February, analyst Alex Krüger said that the Ethereum network will start to grow as soon as the probability of approval of ETFs based on the altcoin increases. He noted that Bloomberg experts “have been driving the ETF narrative for Bitcoin very successfully” and “they’re pinning the probability of an ETF by May [at] 60%.” However, he believes that such a possibility is “overly optimistic.”
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$65 164
BTC
-3.14%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.21
XRP
-0.35%
-
Dogecoin
$0.092294
DOGE
-1.05%
-
TRON
$0.160134
TRX
-1.59%
-
Zcash
$622.62
ZEC
+4.25%
-
Cardano
$0.203477
ADA
-5.15%
-
Stellar XLM
$0.213146
XLM
-2.86%
-
Polkadot
$3.32
DOT
+5.27%