The US Securities and Trade Fee (SEC) delayed choices on 5 crypto-related exchange-traded funds (ETFs) functions on April 29, a transfer anticipated by Bloomberg ETF analysts James Seyffart and Eric Balchunas.
The postponements have an effect on Franklin Templeton’s spot Solana (SOL) and XRP ETFs, Grayscale spot Hedera (HBAR) ETF, Bitwise spot Dogecoin (DOGE) ETF, and the staking provisions related to the Constancy spot Ethereum (ETH) ETF.
Seyffart acknowledged:
“That is anticipated IMO. Closing deadlines for many of these items is in October 2025 or later.”
He additionally didn’t discard the potential of additional delays this week, with extra deadlines approaching on roughly 72 crypto ETFs awaiting the SEC’s approval.
Balchunas famous that the SEC was unlikely to make any choices on the matter till Chair Paul Atkins formally took workplace, which occurred very just lately.
He added:
“They’ve been taking exterior conferences with individuals. In all probability arising with a technique. After that, probably approvals.”
SEC choices on crypto ETF functions usually comply with a collection of statutory deadlines: 45, 90, 180, and 240 days after the publication of a 19b-4 submitting within the Federal Register.
Lots of the delayed merchandise nonetheless face their closing deadlines between the third and fourth quarters, in accordance with the ETF approval calendar compiled by Bloomberg ETF analysts.
The up to date calendar reveals that the Franklin Spot XRP ETF now faces a closing resolution deadline of Nov. 5, 2025, whereas the Franklin Spot Solana ETF awaits a ruling by Oct. 7, 2025.
The Grayscale Hedera ETF and Bitwise Dogecoin ETF each have closing deadlines scheduled for Oct. 8, 2025. The Ethereum staking provisions tied to Constancy’s proposal are at the moment pending, with earlier phases accomplished as of April 2025.
The delays comply with commonplace SEC apply and lengthen the company’s timeline to proceed analysis with out issuing denials.
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