“We have seen both NYSE and NASDAQ withdraw their applications to list BTC ETF options in the past 72 hours, creating more headwinds for broader mainstream adoption at least in the short term,” Augustine Fan, head of insights at SOFA.org, said in a Telegram message. “TradFi remains cautious on ETF ETH purchases due to the lack of clarity on staking legalities,” Fan added, citing ether’s (ETH) underperformance compared to bitcoin over the past week.