The SEC is delaying its decisions on several proposed cryptocurrency ETFs, including those focused on Ethereum staking, XRP, and Dogecoin. This means investors will have to wait a bit longer to see if these funds get the green light.
Ethereum Staking ETFs: A Longer Wait
The SEC has extended its review period for several Ethereum ETFs that include staking. This means they need more time to assess the proposals from companies like BlackRock, Fidelity, and Franklin Templeton, as well as others such as Grayscale and 21Shares.
- BlackRock’s Ethereum ETF: The SEC has until October 30th to decide.
- Fidelity and Franklin Templeton’s Ethereum ETFs: The deadline is November 13th.
- 21Shares and Grayscale’s Ethereum ETFs: Deadlines are October 23rd and 29th, respectively.
There’s a chance we could see approval for some Ethereum staking ETFs as early as October 23rd. The SEC has previously stated that staking isn’t a security, which increases the likelihood of approval. These ETFs would let investors earn rewards while holding Ethereum.
XRP and Dogecoin ETFs: More Delays
The SEC also delayed its decisions on XRP and Dogecoin ETFs. This applies to proposals from companies like Franklin Templeton (XRP) and Bitwise (Dogecoin), among others.
- Franklin Templeton’s XRP ETF: The deadline is November 14th.
- Bitwise’s Dogecoin ETF: The deadline is November 12th.
- Other XRP ETF applications (Grayscale, Bitwise, 21Shares, etc.): Deadlines vary, with some as early as October 18th.
- Grayscale’s Dogecoin ETF: The deadline is October 18th.
Essentially, the SEC needs more time to thoroughly review all these applications. We’ll have to wait until the deadlines to see what happens.