The American Securities and Exchange commission has postponed decisions to several requests for negotiated funds related to cryptography (ETF) on May 13, including those deposited by Grayscale and Blackrock.
The delays extend the agency’s examination calendar and align with expectations that he will not grant any approval before the last quarter of 2025.
The proposed ETFs of Graycale for Solana (Sol) and Litecoin (LTC) were deferred. The new deadlines for deposit for both are August 11 and October 10.
The SEC also delayed the action on BlackRock’s demand to activate the redemptions in kind for his ETF Bitcoin (BTC) approved. Blackrock’s request has no updated deadline, which focuses on technical mechanics rather than initial approval.
In addition, the SEC recognized the 19B-4 deposit for an ETF 21Shares Spot Dogecoin (DOGE), launching the official examination calendar of the product. This file begins the countdown to a possible decision under the agency’s statutory calendar.
Decisions expected later this year
The latest movements of the agency follow a wider model of exams staggered in more than 70 proposals from Crypto ETF, which remain at various evaluation stages. On April 29, the SEC delayed decisions on five other ETFs linked to cryptography.
Analysts of Bloomberg ETF James Seyffart and Eric Balchunas described the current cycle of delays as a routine.
Seyffart said the delay was “expected” and most Assigned products faced end deadlines in early October.
Balchunas added that the SEC is unlikely to issue substantial approvals until recently the confirmation of President Paul Atkins ends internal meetings and strategy sessions with the staff.
He said:
“They took external meetings with people. Probably a strategy. After that, probably approvals. “
Regulatory
SEC Decisions on ETF Crypto applications follow a statutory process in several stages based on the publication of rules proposed in the federal register.
The agency generally operates on examination intervals of 45, 90, 180 and 240 days, allowing multiple opportunities to delay decisions before reaching a final deadline.
The recent actions of the regulator comply with its historical practice to extend exams with complete statutory limits before making decisions.
No ETF of this group faces a final deadline before the end of the third quarter, leaving candidates and investors awaiting more clarity on the regulatory trajectory of investment vehicles linked to cryptography.
