The SEC has postponed 5 Crypto ETFs, and analysts expect a final decision in October.

CN
7 hours ago

According to the ETF approval calendar compiled by Bloomberg ETF analysts, many delayed products still need to meet their final deadlines between the third and fourth quarters.

Author: cryptoslate

Translated by: Blockchain Knight

On April 29, the SEC delayed its decision on five Crypto asset-related ETF applications, a move anticipated by Bloomberg ETF analysts James Seyffart and Eric Balchunas.

The delay involves Franklin Templeton's spot Solana (SOL) ETF and XRP ETF, Grayscale's spot Hedera (HBAR) ETF, Bitwise's Dogecoin (DOGE) ETF, and the staking terms related to Fidelity's spot Ethereum (ETH) ETF.

Seyffart stated, "In my view, this was expected. Most of these applications have final deadlines in October 2025 or later."

He also did not rule out the possibility of further delays this week, as approximately 72 Crypto ETFs are still awaiting SEC approval, and the deadlines for these applications are approaching.

Balchunas pointed out that the SEC is unlikely to make any decisions on this matter before SEC Chairman Paul Atkins officially takes office.

He added, "They have been meeting with outsiders. They may be formulating relevant strategies. After that, perhaps these applications will be approved."

The SEC's decisions on Crypto asset ETF applications typically follow a series of statutory deadlines: 45 days, 90 days, 180 days, and 240 days after the publication of the 19b-4 form in the Federal Register.

According to the ETF approval calendar compiled by Bloomberg ETF analysts, many delayed products still need to meet their final deadlines between the third and fourth quarters.

The updated calendar shows that the final decision deadline for Franklin's spot XRP ETF is now set for November 5, 2025, while Franklin's spot SOL ETF must be ruled on by October 7, 2025.

The final deadlines for the Grayscale Hedera ETF and Bitwise Dogecoin ETF are both set for October 8, 2025. The Ethereum staking terms related to the Fidelity proposal are still awaiting approval, with its early phase completed in April 2025.

This delay aligns with the SEC's usual practice, extending the agency's evaluation time without making a decision to reject the applications.

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