EddieJayonCrypto
14 May 25
The US Securities and Exchange Commission (SEC) postponed decisions on several crypto-related ETF applications, including those from Grayscale and BlackRock, extending review timelines with final approvals expected no earlier than late 2025. Grayscale’s spot ETFs for Solana and Litecoin had deadline...
The US Securities and Exchange Commission (SEC) has postponed decisions on multiple crypto-related exchange-traded fund (ETF) applications, including those from Grayscale and BlackRock, with final rulings expected no earlier than late 2025.Grayscale’s spot ETFs for Solana (SOL) and Litecoin (LTC) saw their review deadlines extended to August 11 and October 10, respectively. Meanwhile, BlackRock’s request for in-kind redemptions on its approved spot Bitcoin (BTC) ETF was also delayed but without a new deadline, as this concerns technical mechanics rather than initial approval.Additionally, the SEC began officially reviewing a 21Shares spot Dogecoin (DOGE) ETF following its 19b-4 filing, marking the start of the statutory decision timeline.These delays fit within a routine multi-stage review process where the SEC can extend decision periods multiple times, typically operating on intervals of 45, 90, 180, and 240 days. Most crypto ETF proposals currently face final deadlines no earlier than late third quarter 2025.Market analysts interpret these postponements as expected and part of the regulatory pattern, noting that substantive approvals are unlikely to happen before SEC Chair Paul Atkins completes strategic meetings and internal discussions.The SEC's staggered approach affects over 70 crypto ETF applications that remain in various evaluation stages, leaving investors and applicants in anticipation of clearer regulatory direction on crypto-linked investment vehicles later in 2025.