The U.S. Securities and Exchange Commission (SEC) has pushed back multiple decisions on crypto exchange-traded fund (ETF) filings, including a request to add staking to BlackRock’s iShares spot Ethereum Trust and applications for Franklin Templeton’s Solana and XRP ETFs.
Per filings published Wednesday, the SEC extended the review deadline on Nasdaq’s rule-change request that would allow staking in the iShares Ethereum Trust (ETHA) by 45 days, moving the date to October 30. Separately, Cboe’s 19b-4 filings for Franklin Templeton’s Solana and XRP funds were deferred by 60 days, to November 14.
These postponements follow a string of recent delays on altcoin-related ETF applications: Nasdaq’s bid to list the Grayscale Hedera Trust was moved to November 12, and earlier this month the SEC also delayed decisions on staking for the 21Shares Core Ethereum ETF and on a proposed Truth Social Bitcoin and Ethereum ETF.
Market watchers say the pattern fits a broader SEC approach. Bloomberg analyst Eric Balchunas has suggested the agency may be timing individual approvals to coincide with a new, generic set of listing standards that could simplify future ETF listings. Balchunas has also indicated strong odds that Solana and XRP ETFs will be approved this year and called the probability of ETH staking approvals “pretty high.”
Why this matters: approvals or further delays will shape institutional exposure to altcoins and the mechanics of ETH products that want to offer staking yields. Investors and issuers should note ongoing regulatory uncertainty — timelines remain fluid and approvals are not guaranteed.
Source: Decrypt. Read the original coverage for full details.