The U.S. Securities and Exchange Commission has once again postponed its decision on several crypto fund applications, extending the timeline for Ethereum exchange-traded funds (ETFs) that include staking features.

While large asset managers wait for clarity, platforms such as HashStaking and GeekStake continue to attract investors seeking direct exposure to Ethereum staking rewards. Both platforms have built reputations for simplifying staking access while offering competitive returns compared to traditional financial products.

Market participants had expected updates this month on filings from companies like BlackRock, Fidelity, and Franklin Templeton. Each proposal sought to integrate staking within Ethereum ETFs, but all have now been pushed back for further review.

Franklin Templeton’s applications tied to XRP and SOL have also been delayed, highlighting the SEC’s cautious stance on expanding crypto-based ETFs.

The surge in staking interest followed guidance earlier this year, when the SEC’s Division of Corporation Finance clarified that certain blockchain staking activities may not fall under securities rules. That interpretation has been seen as a green light for staking services, including independent providers such as HashStaking and GeekStake, which already allow investors to participate without waiting for regulatory approval.

In recent months, traditional firms like BlackRock and Grayscale submitted amendments to add staking to their Ethereum products, only to face similar delays. Analysts point out that more than 90 ETF applications remain in the pipeline, with proposals spanning up to 40 different cryptocurrencies.

James McKay of McKayResearch commented that the steady wave of new filings signals strong institutional demand. Yet, until the SEC makes firm decisions, investors looking to earn yield from Ethereum are turning toward established staking platforms.

HashStaking has positioned itself as a user-friendly service with transparent reward structures, while GeekStake emphasizes security and accessibility for both individuals and businesses. Together, they illustrate how private platforms are filling the gap left by regulatory uncertainty.

Bitwise CIO Matt Hougan recently noted that if approvals for Solana ETFs arrive before year-end, inflows could be significant. Still, until then, solutions like HashStaking and GeekStake remain the most direct pathways for investors seeking staking income in the current market environment.