The U.S. Securities and Exchange Commission has extended deadlines for several crypto exchange-traded fund applications from asset managers BlackRock and Franklin Templeton. Franklin’s proposals for Ethereum staking, Solana, and XRP ETFs will now be reviewed by November 13 and 14, while BlackRock’s iShares Ethereum Trust staking amendment is slated for October 30.
The SEC filings note that the delays don’t reveal the regulator’s position but emphasize that additional time is needed for evaluation. These filings represent the maximum extension allowed under Section 19(b) of the Securities Exchange Act, which grants the SEC up to 180 days and, in rare cases, an additional 60 days to decide on a rule change.
Franklin submitted its ETF proposals in March through Cboe BZX, while BlackRock filed with Nasdaq in July. The regulator’s caution underscores its careful approach toward crypto products, even as investor demand for digital asset ETFs continues to grow.
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