SEC Delays Decisions on BlackRock and Franklin Templeton Crypto Funds
- The SEC postponed its decision on staking in the BlackRock iShares Ethereum Trust to October 30, a delay of 45 days.
- Decisions on Franklin Templeton’s XRP and Solana funds were deferred by the regulator to November 14, marking a delay of 60 days.
- The SEC has recently delayed decisions on rule change requests that would allow listing various spot altcoin funds and adding staking to existing Ethereum ETFs.
- A decision on Nasdaq’s proposal to list the Grayscale Hedera Trust was also postponed by the SEC to November 12, another instance of a recent pattern of delays.
- Bloomberg analysts predict over a 95% probability of approval for Solana and XRP ETFs this year, with high odds for Ethereum staking inclusion as well.
The SEC has been consistently delaying decisions related to crypto fund listings, including those from BlackRock and Franklin Templeton, indicating a cautious approach towards new cryptocurrency products. These delays align with efforts to establish generic listing standards that could streamline future ETF approvals.
This cautious regulatory stance may be paving the way for more comprehensive guidelines before approving new crypto-related financial products like altcoin funds and Ethereum staking options in ETFs. (Source)
