SEC Delays Crypto ETF Decisions, Eyes October Approvals

SEC Delays Crypto ETF Decisions, Eyes October Approvals
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The SEC has postponed decisions on multiple cryptocurrency ETFs, including BlackRock’s Ethereum staking proposal and spot XRP and Solana ETFs. These delays align with the development of a new generic listing framework that could streamline future approvals. Analysts now anticipate a batch of approvals in October when many applications reach their final deadlines.

  • SEC developing generic listing framework using market cap, trading volume, and liquidity metrics to streamline crypto ETF approvals
  • Dogecoin ETF launching September 11th under 40 Act structure, potentially becoming first US ETF holding an asset with no utility purpose
  • Over 90 crypto ETF applications pending from major issuers including VanEck, Grayscale, and Bitwise covering various cryptocurrencies
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