The Securities and Exchange Commission (SEC) delayed decisions on three crypto exchange-traded funds (ETFs) on Sept. 10.

The decisions postponed BlackRock’s Ethereum staking proposal alongside Franklin Templeton’s spot XRP and Solana ETF applications. The delays come as the SEC develops a generic listing framework that could streamline future crypto ETF approvals.

The postponements position these applications for potential approval during an anticipated October batch decision window, aligning with previous predictions.

Bloomberg ETF analyst James Seyffart noted in April that crypto ETFs would likely get a batch of approvals in October, when some of the over 90 filings reach their final deadlines.

Generic framework

The SEC has been working with US exchanges on a standardized listing framework for token-based ETFs that would eliminate individual rule-change requests for qualifying assets.

The initiative would allow ETF sponsors to bypass the customary Form 19b-4 process when underlying tokens meet predetermined criteria.

Under the proposed framework, sponsors would submit registration statements on Form S-1, observe standard 75-day review periods, and list products once the waiting periods have ended.

Market capitalization, on-exchange trading volume, and daily liquidity represent key metrics under discussion for qualification thresholds. The current rule-change pathway requires each spot crypto ETF to secure a Commission order before listing, a process designed for novel or complex products.

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Moving to standing rules for qualifying assets would shorten timelines and reduce iterative comment cycles between the agency and applicants.

Approval jumpstart

Eric Balchunas said on Sept. 9 that the “memecoin ETF era [is] about to kick off” with a Dogecoin ETF slated for launch on Sept. 11 under the 40 Act structure.

Balchunas said this could potentially become “the first-ever US ETF to hold something that has no utility on purpose,” considering Dogecoin was originally created as a tribute to the Doge meme.

A successful Dogecoin ETF launch could catalyze broader approval momentum for pending applications.

Seyffart previously shared that there are 92 crypto ETF applications divided across various assets, including Solana, XRP, Litecoin, and staking versions of existing products awaiting SEC decisions.

The comprehensive filing list reveals applications from major issuers, including VanEck, Grayscale, Canary, Bitwise, and Franklin Templeton, covering assets ranging from established cryptocurrencies to emerging tokens.

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The Securities and Exchange Commission (SEC) delayed decisions on nine crypto exchange-traded fund (ETF) applications on Aug. 18.

The delays extended review periods for products related to digital assets, spanning Bitcoin, XRP, Litecoin, and Dogecoin. The reason is likely the agency’s work to establish a comprehensive digital asset framework.

The postponements affect Truth’s spot Bitcoin and Ethereum ETF, CoinShares’ spot Litecoin ETF, and multiple XRP ETF applications from 21Shares, CoinShares, Bitwise, Canary, and Grayscale. 

The SEC also delayed 21Shares’ staking proposal for its spot Ethereum ETF and Grayscale’s spot Dogecoin ETF application.

Except for Truth’s filing, the delayed products all have final deadlines for October.

Framework strategy is a priority

Bloomberg ETF analysts Eric Balchunas and James Seyffart suggested in July that the delays reflect the SEC’s strategy to establish approval criteria before greenlighting individual applications. 

Seyffart stated that this “might be the SEC’s way of stalling these things from becoming ETFs before they develop a digital assets ETF framework.”

He added that the framework would create “some sort of generic listing standard for what digital assets are allowed in an ETF wrapper and what criteria they’ll use.” 

The approach mentioned aims to replace the current case-by-case review process, which requires each crypto ETF to secure a Commission order before listing.

The SEC has been reportedly collaborating with US exchanges since July on generic listing standards for token-based ETFs that would eliminate individual rule-change requests.

Generic approach

The proposed system would allow ETF sponsors to bypass the customary Form 19b-4 process when underlying tokens meet predetermined criteria.

Under the proposed framework, sponsors would submit registration statements on Form S-1, observe standard 75-day review periods, and list products once waiting periods conclude. 

Market capitalization, on-exchange trading volume, and daily liquidity rank among the metrics under discussion.

Seyffart called the generic standard approach “very good news for the crypto ETF space,” arguing it would offer “clear rules of the road.” 

Balchunas described the concept as “what everyone wants, what makes sense, and what we think will happen.”

As a result, the first altcoin-related ETF approvals might likely start only in October.

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Supra is aiming to rewrite the Oracle rulebook with its new AI-driven protocol to enhance decentralized reasoning.

Blockchain infrastructure firm Supra has introduced a new oracle system, “Threshold AI Oracles,” marking a significant leap in on-chain intelligence. Unlike traditional oracles that feed data into smart contracts, Supra’s system brings real-time, context-aware AI reasoning—enabled by domain-specialist agents operating in decentralized committees—directly onto its Layer-1 blockchain.

AI Committees, Not Just Data Pipes

Supra’s use of multi-agent AI committees is at the heart of the innovation. These agents don’t just retrieve data—they deliberate. Each committee comprises specialized agents trained in domain-specific knowledge such as finance, law, or technical infrastructure.

This allows dApps to ask complex, context-rich questions like whether a regulatory change has actually taken effect or if market sentiment supports a liquidation. The agents exchange arguments and build consensus before issuing a judgment—mirroring real-world expert panels in process design, as outlined in their technical whitepaper.

Verifiability Baked In

To establish trust, Supra has embedded threshold BLS cryptographic signatures into every AI decision. A quorum of decentralized AI agents must reach consensus before an output is signed and shared. This creates a verifiable trail and removes the need for centralized trust or opaque AI plugins—decisions are both transparent and tamper-proof.

Smarter, Cheaper, On Demand

The Threshold AI model activates only when summoned by a smart contract or when on-chain triggers occur. This just-in-time architecture significantly reduces gas fees and ensures scalability, providing intelligence only when needed.

Three-Phase Rollout

Supra is deploying the protocol in stages:

• Phase 1: Basic outputs like yes/no answers and sentiment scores

• Phase 2: JSON-structured commands for automating processes across DeFi and DAOs

• Phase 3: Full smart contract code generation, enabling dApps to evolve autonomously

Source: Supra

Real-World Impact

This protocol opens new horizons for applications in:

• Dynamic DeFi strategy execution – dApps could respond to evolving market sentiment in real-time, adjusting trading or lending strategies automatically.

• Automated DAO governance – Proposals can be evaluated by AI agents for relevance, feasibility, or legal implications before going to a vote, streamlining decision-making.

• Prediction market resolution – AI committees can assess nuanced, real-world events (e.g., election outcomes or policy changes) to settle markets accurately and fairly.

• Smart contracts triggered by off-chain events – External developments like regulatory shifts, supply chain disruptions, or news headlines can activate on-chain responses without manual input.

• Regulatory compliance checks in real-time – Financial applications can verify if a new rule has taken effect or applies to a transaction, helping prevent violations.

• Automated insurance claim assessments – AI agents could evaluate conditions and documentation to determine payout eligibility.

• Adaptive logic in on-chain gaming – Game mechanics can evolve dynamically based on player behaviour or broader community activity.

Beyond Traditional Oracles

While traditional oracles, like Chainlink, mainly supply raw data like prices or timestamps, Supra’s AI-driven oracles aim to go a step further—analyzing, interpreting, and verifying the information before passing it on. This approach would help dApps make better-informed decisions, without relying on off-chain systems or centralized services.

Fully Integrated Stack

Threshold AI Oracles are tightly integrated with Supra’s broader platform, which includes smart contracts, native price feeds, and cross-chain messaging. The protocol leverages a layered committee structure to ensure both scalability and resistance to manipulation.

Developers can explore features and access demos through the company’s Developer Hub. With Threshold AI Oracles, Supra is positioning itself at the forefront of intelligent blockchain automation—enabling a new era of smart contracts that don’t just act, but think.

The US Securities and Exchange Commission (SEC) delayed various altcoin-based exchange-traded funds (ETFs) on March 11. According to Bloomberg ETF analyst James Seyffart, the approval odds for these ETFs this year are still relatively high.

Decisions on Grayscale’s filings for Dogecoin (DOGE), XRP, Litecoin (LTC), and Cardano (ADA) ETFs were delayed. The SEC also delayed decisions for XRP ETFs filed by Canary Capital, Bitwise, and 21shares. 

The regulator also postponed decisions on the Solana (SOL) ETFs filed by 21shares, Canary, and VanEck. Canary’s Litecoin filing was the last altcoin-related ETF delay.

Other crypto ETF delays include in-kind creation and redemptions for BlackRock’s IBIT, as well as Fidelity’s FBTC and FETH. 21shares also saw a delay in the proposal to include staking in its Ethereum (ETH) ETF.

Despite the delays, the SEC acknowledged Grayscale’s filing for a Hedera (HBAR) ETF and Bitwise’s DOGE-related filing.

Additionally, on March 11, Franklin Templeton filed an S-1 Form for an XRP ETF, joining a new altcoin exchange-traded product race.

High chances of approval

Seyffart assessed that the multiple delays were expected, as “this is standard procedure.” He added that Paul Atkins has not been confirmed as the new SEC chair, which is also a factor in the delays.

The analyst also highlighted that the final deadlines for an SEC decision on all ETFs are due in October and that the odds of approval are still relatively high.

In February, Seyffart and Bloomberg senior ETF analyst Eric Balchunas published their approval odds for Litecoin, Solana, XRP, and Dogecoin ETFs.

LTC leads the odds with a 90% probability of approval this year, with DOGE holding the second-largest percentage at 75%. SOL trails close behind with 70% chances, and XRP with a 65% chance of approval.

The analysts highlighted that these odds were less than 5% before President Donald Trump’s November election, making the new numbers relatively high.

Moreover, the odds for all ETFs listed by Balchunas and Seyffart could go up if regulatory conditions in the US improve even further.

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