The SEC postponed 5 Crypto ETFs, and analysts expect a final ruling in October

 

Original source: cryptoslate

Compilation: Blockchain Knight

 

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

 

The extension covers 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 associated with Fidelity's spot Ethereum (ETH) ETF.

 

"In my opinion, this is to be expected," Seyffart said. The final deadline for most such applications is in October 2025 or later."

 

He also did not rule out the possibility of a further extension this week, as there are about 72 crypto ETFs awaiting SEC approval, and the deadline for these applications is approaching.

 

Balchunas noted that the SEC is unlikely to make any decision on the matter until SEC Chairman Paul Atkins takes office recently.

 

He added: "They have been meeting with outsiders. A strategy may be in the process of being developed. After that, maybe those applications will be approved."

 

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

 

According to the ETF approval calendar compiled by Bloomberg ETF analysts, many of the postponed products still have to meet their final deadlines between Q3 and Q4.

 

The updated calendar shows that the final decision deadline for the Franklin Spot XRP ETF is now set for November 5, 2025, while the Franklin Spot SOL ETF is subject to a ruling by October 7, 2025.

 

The final deadline for both the Grayscale Hedera ETF and the Bitwise Dogecoin ETF is set at October 8, 2025. The Ethereum staking terms associated with the Fidelity proposal are currently awaiting approval, and their early stages were completed in April 2025.

 

The extension is consistent with the SEC's usual practice and extends the agency's evaluation time without a decision to deny the application.

This article is sourced from Foresight News:

https://foresightnews.pro/article/detail/83589

Respectfully submitted by the AIC Team

May5, 2025