A spot Ethereum exchange-traded fund may not be coming anytime soon, but it could see approval in the next year or two, says Valkyrie Chief Investment Officer Steven McClurg. 

Big name firms, such as Fidelity and BlackRock, have applied for a spot Ethereum ETF over the last few months as some analysts predict that the Securities and Exchange Commission could approve those products as early as May of this year. Valkyrie is not currently vying for a spot Ethereum ETF. 

This comes as the crypto industry is on a high after the SEC approved the first spot bitcoin ETFs in the U.S. last month. The funds have since brought in billions of dollars. 

A spot ether ETF won't be coming anytime soon, but it could come in the next year or two, McClurg said in an interview with The Block …