Fox Business reporter: CoinShares and Valkyrie will not apply for a spot Ethereum ETF

According to Fox Business reporter Eleanor Terrett on the X platform, CoinShares and Valkyrie, the issuers of the spot bitcoin ETF, have said that they will not apply for the spot Ethereum ETF, mainly because the spot Ethereum ETF cannot participate in the pledge. According to sources, without the pledge function, the two digital asset investment companies believe that the spot Ethereum ETF is worthless for investors, especially since there are already 9 spot bitcoin ETFs in the market, which is too crowded.