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Bloomberg analyst: BlackRock Ethereum ETH pledge approval deadline should be April next year, but it could be approved as early as Q4 this year

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2025-07-20 10:13:27
Bloomberg ETF analyst James Seyffart wrote on the X platform that the Ethereum ETH pledge option submitted by multiple institutions "still needs time to be completed", and the final deadline for early applications is late October 2025, but the approval deadline for BlackRock's Ethereum ETH pledge application is not until around April 2026 (but we think it may be approved as early as the fourth quarter of 2025).
However, VanEck, 21Shares and Canary Capital have urged the Securities Exchange Commission to consider a first-in, first-out approval process rather than "bulk approval" with BlackRock, which filed later.
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