- The SEC delays its decision on spot crypto ETFs from BlackRock and Franklin Templeton, extending review deadlines into November.
- New dates are set for Ethereum, Solana, and XRP fund proposals, reflecting ongoing regulatory caution.
U.S. securities regulators have postponed verdicts on a new group of spot cryptocurrency ETF applications. Documents show that asset managers BlackRock and Franklin Templeton have been granted more time for the regulatory evaluation of their proposed funds.
In its filing, Franklin Templeton detailed a staking mechanism for its proposed spot Ethereum ETF. The SEC has now set November 13 as the new deadline for its decision on this product. The regulator also shifted its ruling date for the firm’s Solana and XRP fund proposals to November 14. A decision on BlackRock’s application for a spot Ethereum trust will arrive by October 30.
This type of delay is a normal part of the SEC’s procedure, which permits extensions beyond a typical 180-day review. Franklin Templeton submitted its initial proposals to the Cboe BZX exchange in March. BlackRock filed its revised application, which incorporates staking, with Nasdaq in July.
Other crypto investment vehicles have joined the queue for delayed rulings. Bitwise’s Dogecoin ETF and Grayscale’s Hedera fund now face a November 12 decision date. Proposals for Truth Social-themed Bitcoin and Ethereum ETFs, initially delayed in August, are now slated for an October 8 review. The verdict for a joint 21Shares and Bitwise Solana ETF will come on October 16, while the 21Shares XRP Trust expects a ruling on October 19.
These new postponements follow earlier ones for funds like the WisdomTree XRP Fund and the PENGU ETF. According to official records, the SEC was reviewing 92 distinct cryptocurrency ETF applications as of late August.
The high figure points to sustained institutional interest from traditional finance firms in launching digital asset products. WisdomTree, Bitwise, Grayscale, and 21Shares are also awaiting regulatory decisions alongside the larger firms.
