- SEC delays crypto ETF decisions involving BlackRock and Franklin Templeton.
- Ethereum staking and Solana affected until late 2025.
- Impact on institutional crypto fund inflows anticipated.
The SEC has postponed its decisions on crypto ETF proposals from BlackRock and Franklin Templeton, impacting Ethereum staking, Solana, and XRP, with deadlines set for October and November 2025.
These delays could affect institutional investment strategies, deferring potential fund inflows. Historical precedents suggest temporary market uncertainty, particularly in ETH, SOL, and XRP trading.
The U.S. Securities and Exchange Commission (SEC) has officially delayed decisions on multiple crypto ETF proposals from BlackRock and Franklin Templeton. The postponements specifically affect Ethereum staking, Solana, and XRP products, with new deadlines in late 2025.
BlackRock, led by CEO Larry Fink, aims to amend its iShares Ethereum Trust further to permit staking. Franklin Templeton has applied for ETFs involving Ethereum, Solana, and XRP. Both asset managers are major players striving for regulated exposure.
The decision impacts institutional entrants into the crypto market, as the delay postpones potential fund inflows. This could affect the prices of Ethereum, Solana, and XRP, both positively and negatively, depending on future decisions.
The SEC’s extension under Section 19(b) of the Securities Exchange Act underscores a cautious approach amid evolving crypto regulations. This move reflects the agency’s pattern of utilizing maximum extension periods for similar proposals.
Historically, previous ETF-related delays have resulted in uncertainty or muted trading in the involved cryptocurrencies, mirroring trends seen with spot BTC ETF approvals. This suggests possible short-term market volatility for assets like Ethereum and Solana.
Experts predict future regulatory approvals could stabilize market access for these assets. Data trends and historical analysis indicate strong institutional interest in such ETFs, underlined by the SEC’s procedural extensions and regulatory framework developments.
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposals…” — SEC, Division of Trading and Markets
