What’s Next for Ethereum Price After SEC Delays Franklin Templeton ETF Staking?

Key Insights:

• Ethereum price risks falling as US SEC delays decision on Franklin’s Ethereum ETF staking proposal.
• Ethereum whales added over 818K ETH $2.5B in one day—the largest inflow in 6 years.
• Ethereum trades at $2,651.60, holding above $2,600 support, with bulls eyeing $2,750 as the next resistance level.

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether Franklin Templeton’s spot Ethereum ETF can include staking features. This decision comes while Ethereum price remains closely monitored by traders and institutions.

ETH price traded near $2,610. Despite regulatory uncertainty, Ethereum ETFs have attracted over $800 million in inflows this month, showing continued investor interest.

SEC Delays Decision on Franklin Templeton Ethereum ETF Staking

The SEC’s delay in ruling on Franklin Templeton’s Ethereum ETF follows similar decisions regarding other ETF applications involving staking. The filing, initially submitted on March 10, 2025, by Cboe BZX Exchange, was later amended to include staking features.

This change introduced further regulatory complexity, prompting the SEC to begin formal proceedings and open a 21-day public comment period, with rebuttals accepted within 35 days.

The review period extension allows the agency more time to assess how staking features fit within the Investment Company Act and existing securities laws. Under SEC regulations, the commission may extend its review timeline multiple times before making a final decision.

Section 6(b)(5) of the Securities Exchange Act is also being reviewed to determine whether the proposal meets market fairness and anti-fraud standards.

Other firms, including Bitwise, 21Shares, and Grayscale, are also awaiting decisions. Grayscale’s deadline was extended from June 1 to July, while Bitwise now expects a ruling by July 6.

Ethereum Whales and Market Accumulation Trends

Despite the regulatory delay, whale activity in the Ethereum network has increased. Wallets holding between 1,000 to 10,000 ETH recorded a net inflow of over 818,000 ETH, valued at about $2.5 billion. This level of accumulation has not been seen in over six years, according to on-chain data.

The total holdings of these whale wallets rose from around 11.9 million ETH in 2024 to over 16 million ETH this June.

CoinShares data further shows that ETH-focused funds attracted $583 million in a single week, contributing to year-to-date inflows of $2.28 billion. This trend may signal continued confidence among institutional investors, regardless of staking delays.

Several analysts believe that such activity often precedes strong price trends. While past accumulation phases led to price rallies, it remains uncertain how regulatory outcomes may affect investor behavior going forward.

Regulators Reassess Crypto ETF Structures and Staking

The SEC has approved several spot Ethereum ETFs recently, but none allow staking. Current reviews are focused on whether staking qualifies as a separate investment strategy or service that needs different regulatory oversight.

The agency has started formal proceedings to assess multiple ETF proposals with staking, including filings from Franklin Templeton, REX Shares, and Osprey. Both REX and Osprey, which proposed staking for ETH and SOL, are also facing review delays.

The SEC cited the need for further examination of fund structures and compliance with the Investment Company Act. Public comments may be part of this process. No new deadline has been set for Franklin Templeton’s proposal, though a spokesperson confirmed that the review is ongoing.

Ethereum Price Holds Above Key Support as Bulls Target $2,750

Ethereum price was trading within a horizontal range between $2,500 and $2,750 on the 4-hour chart. On June 16, 2025, the price of Ethereum stands at $ 2,651.60. Recent declines below the $2,600 mark were bought in quickly and have formed a short-term higher low, which indicates that buyers are protecting the $2,600 mark.

Short-term bullish views are presented by technical indicators. The MACD has tilted in a bullish direction, with the histogram positive. The RSI has increased to 60.71 and does not indicate the overbought stage.

The nearest resistance of Ethereum is at $2,700, with the next resistance at around $2,750 being a much stronger one. The level of support is at 2,600, whereas the key supports are at 2,550. Bulls may drive prices higher as long as they remain above the value of $2,600.

This structure is, however, at risk since a breach of the index below $2,550 may erode it and bring about bearish sentiment. In the case of continued momentum, Ethereum price can go up in this channel.

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