The SEC has extended its review period for Grayscale’s Ethereum ETF proposal, delaying a decision until October 2025. This delay has ramifications for the U.S. crypto ETF market and investor sentiment towards the sector as a whole. The SEC justifies the postponement by citing the need to thoroughly assess all aspects of Grayscale’s proposal. The impact on the ETH market is currently minimal, but it signals caution from regulators regarding crypto ETFs. Market players now express cautiousness in relation to their potential approvals. This delay also highlights the significant role staking features play for institutional investors and reflects the broader industry’s focus on integrating this technology into U.S.-listed ETFs.