Summary
- The U.S. SEC reportedly again delayed the review of Ethereum (ETH) staking ETF applications filed by BlackRock, Fidelity, Franklin Templeton, and others.
- The SEC said it also delayed reviews of XRP and Solana (SOL) spot ETFs for additional review.
- With delays continuing for altcoin-based ETFs recently submitted by institutions, it reported that more than 90 crypto asset ETFs are awaiting SEC approval.
The U.S. Securities and Exchange Commission (SEC) has again delayed the review of Ethereum (ETH) staking exchange-traded funds (ETFs) filed by several asset managers, as well as spot ETFs for XRP and Solana (SOL).
On the 11th (local time), according to The Block, the SEC postponed reviews of Ethereum staking ETFs submitted by BlackRock, Fidelity, Franklin Templeton, and others, as well as Franklin Templeton's spot ETFs for XRP and Solana.
In a separate filing that day, the SEC said the reason for the delay was "more review is necessary." As a result, reviews of altcoin-based ETF applications submitted by institutions over recent months are being pushed back one after another.
Meanwhile, according to Bloomberg analyst James Seyffart, there are more than 90 virtual asset (cryptocurrency) ETFs currently awaiting SEC approval.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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