SEC delays 5 crypto ETFs, analysts expect final rulings by October

The US Securities and Exchange Commission (SEC) delayed decisions connected 5 crypto-related exchange-traded funds (ETFs) applications connected April 29, a determination expected by Bloomberg ETF analysts James Seyffart and Eric Balchunas.

The postponements impact Franklin Templeton’s spot Solana (SOL) and XRP ETFs, Grayscale spot Hedera (HBAR) ETF, Bitwise spot Dogecoin (DOGE) ETF, and the staking provisions associated with the Fidelity spot Ethereum (ETH) ETF. 

Seyffart stated:

“This is expected IMO. Final deadlines for astir of this worldly is successful October 2025 oregon later.”

He besides did not discard the anticipation of further delays this week, with much deadlines approaching connected astir 72 crypto ETFs awaiting the SEC’s approval.

Balchunas noted that the SEC was improbable to marque immoderate decisions connected the substance until Chair Paul Atkins officially took office, which happened precise recently. 

He added:

“They’ve been taking extracurricular meetings with people. Probably coming up with a strategy. After that, apt approvals.”

SEC decisions connected crypto ETF applications typically travel a bid of statutory deadlines: 45, 90, 180, and 240 days aft the work of a 19b-4 filing successful the Federal Register. 

Many of the delayed products inactive look their last deadlines betwixt the 3rd and 4th quarters, according to the ETF approval calendar compiled by Bloomberg ETF analysts.

The updated calendar shows that the Franklin Spot XRP ETF present faces a last determination deadline of Nov. 5, 2025, portion the Franklin Spot Solana ETF awaits a ruling by Oct. 7, 2025. 

The Grayscale Hedera ETF and Bitwise Dogecoin ETF some person last deadlines scheduled for Oct. 8, 2025. The Ethereum staking provisions tied to Fidelity’s connection are presently pending, with earlier stages completed arsenic of April 2025. 

The delays travel modular SEC signifier and widen the agency’s timeline to proceed valuation without issuing denials.

The station SEC delays 5 crypto ETFs, analysts expect last rulings by October appeared archetypal connected CryptoSlate.