delays – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Wed, 10 Sep 2025 23:36:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 delays – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 SEC delays decisions on several ETFs tied to staking and altcoins https://earlybirdsinvest.com/sec-delays-decisions-on-several-etfs-tied-to-staking-and-altcoins/ https://earlybirdsinvest.com/sec-delays-decisions-on-several-etfs-tied-to-staking-and-altcoins/#respond Wed, 10 Sep 2025 23:36:17 +0000 https://earlybirdsinvest.com/sec-delays-decisions-on-several-etfs-tied-to-staking-and-altcoins/

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.

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.

Mentioned in this article
Posted In: Dogecoin, Ethereum, Litecoin, Solana, XRP, BlackRock, Grayscale, US, Crypto, ETF, Featured, Regulation
]]> https://earlybirdsinvest.com/sec-delays-decisions-on-several-etfs-tied-to-staking-and-altcoins/feed/ 0 57798 SEC delays decisions on several crypto ETFs amid work on streamlined approval process https://earlybirdsinvest.com/sec-delays-decisions-on-several-crypto-etfs-amid-work-on-streamlined-approval-process/ https://earlybirdsinvest.com/sec-delays-decisions-on-several-crypto-etfs-amid-work-on-streamlined-approval-process/#respond Tue, 19 Aug 2025 00:21:39 +0000 https://earlybirdsinvest.com/sec-delays-decisions-on-several-crypto-etfs-amid-work-on-streamlined-approval-process/

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.

Mentioned in this article
]]> https://earlybirdsinvest.com/sec-delays-decisions-on-several-crypto-etfs-amid-work-on-streamlined-approval-process/feed/ 0 53904 Ethereum staking faces $3.28 billion exit queue as delays hit longest wait in months https://earlybirdsinvest.com/ethereum-staking-faces-3-28-billion-exit-queue-as-delays-hit-longest-wait-in-months/ https://earlybirdsinvest.com/ethereum-staking-faces-3-28-billion-exit-queue-as-delays-hit-longest-wait-in-months/#respond Thu, 14 Aug 2025 15:36:09 +0000 https://earlybirdsinvest.com/ethereum-staking-faces-3-28-billion-exit-queue-as-delays-hit-longest-wait-in-months/

Ethereum’s staking network is under sustained withdrawal pressure, with the validator exit queue experiencing its longest wait time over the past month.

Data from the Validator Queue shows that, as of Aug. 14, stakers face an average of 12 days before they can fully withdraw their funds, a sharp departure from the typical sub-day turnaround.

Ethereum Validators Queue
Ethereum Validators Queue (Source: validatorqueue.com)

CryptoSlate first highlighted this trend on July 21, when the withdrawal queue surpassed the entry queue. The backlog has remained elevated ever since.

As of press time, 698,575 ETH (roughly $3.28 billion) are queued for withdrawal, while only 105,000 ETH, valued at about $472 million, are currently entering the network.

Ethereum Validators Queue
Ethereum Validators Queue (Source: validatorqueue.com)

What is driving staked ETH withdrawals?

DeFi analyst Ignas pointed out that the most recent withdrawals are concentrated among the top three liquid staking token (LST) providers, including Lido, EtherFi, and Coinbase. These platforms allow users to stake ETH while retaining liquidity through derivative tokens.

Top Ethereum Stakers Withdrawing
Top Ethereum Stakers Withdrawing Their Assets (Source: Ignas/X)

Considering this, he attributed the surge in withdrawals from these platforms to unwinding leveraged ETH positions to capture higher yields.

Meanwhile, he also noted that a widening stETH/ETH depeg may be influencing validator behavior, alongside large positions being taken in anticipation of upcoming ETH staking ETFs.

In addition, profit-taking could be another factor behind the exit wave. Long-term stakers may be taking advantage of Ethereum’s recent price rally to withdraw funds from the staking program and realize gains.

]]> https://earlybirdsinvest.com/ethereum-staking-faces-3-28-billion-exit-queue-as-delays-hit-longest-wait-in-months/feed/ 0 53176 SEC delays in-kind redemption decision for Bitwise crypto ETFs https://earlybirdsinvest.com/sec-delays-in-kind-redemption-decision-for-bitwise-crypto-etfs/ https://earlybirdsinvest.com/sec-delays-in-kind-redemption-decision-for-bitwise-crypto-etfs/#respond Thu, 17 Jul 2025 13:15:17 +0000 https://earlybirdsinvest.com/sec-delays-in-kind-redemption-decision-for-bitwise-crypto-etfs/

The United States Securities and Exchange Commission (SEC) extended its deadline for ruling on in-kind redemptions for two separate crypto exchange-traded funds (ETFs).

According to a Wednesday SEC filing, the regulator will take more time to decide whether to allow in-kind redemptions on NYSE Arca for Bitwise’s Bitcoin (BTC) and Ether (ETH) spot ETFs. The time limit for the decision was extended, but the underlying limit remains “45 days, extendable to no more than 90.”

“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change, and the issues raised therein,” the announcement read.

In-kind redemptions would allow investors to redeem ETFs for the underlying assets directly, in this case, Bitcoin or Ether.

This could have tax implications, as assets would be redeemed in-kind rather than liquidated for cash.

SEC’s deadline extension filing. Source: SEC

Related: US regulator considers simplified path to market for crypto ETFs

SEC accused of foot-dragging

This deadline extension is far from the first one by the SEC when it comes to crypto-relevant decisions. Earlier this month, attorneys for digital asset manager Grayscale pushed back against the US SEC’s delay in approving its Digital Large Cap ETF.

The SEC had previously approved the product, but the regulator’s Office of the Secretary decided to review the action shortly thereafter and halted the decision. According to Grayscale’s attorneys, this violated the “statutory approval or disapproval deadline” and conflicted with established procedure.

Related: First US staking ETF to launch Wednesday, giving investors exposure to Solana

SEC changes approach to crypto

Despite the ongoing conflicts, most agree that since the Trump administration took power in Washington and SEC Chair Paul Atkins assumed the position previously held by Gary Gensler, the regulator’s stance toward crypto has changed significantly.

Earlier this month, Atkins said that the regulator now sees tokenization as an “innovation” to be encouraged in the marketplace. He also highlighted how his approach differs from his predecessor’s, noting that the SEC had previously hindered innovation through vague laws and “regulation through enforcement,” before adding:

“That day is over.”

Atkins said that his goal when it comes to crypto rules is regulatory transparency and establishing a foundation that allows for innovation and new products.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

]]> https://earlybirdsinvest.com/sec-delays-in-kind-redemption-decision-for-bitwise-crypto-etfs/feed/ 0 48145 GrayscaleETF faces indefinite delays as the SEC reevaluates previous approvals https://earlybirdsinvest.com/grayscaleetf-faces-indefinite-delays-as-the-sec-reevaluates-previous-approvals/ https://earlybirdsinvest.com/grayscaleetf-faces-indefinite-delays-as-the-sec-reevaluates-previous-approvals/#respond Thu, 03 Jul 2025 23:28:40 +0000 https://earlybirdsinvest.com/grayscaleetf-faces-indefinite-delays-as-the-sec-reevaluates-previous-approvals/

It only took one day for the Securities and Exchange Commission (SEC) to turn it back into the approval given to the Grayscale Digital Large Cap Fund (GDLC) into an exchange sales fund (ETF) and accidentally halted the release.

On July 1, 2025, the SEC shared a letter indicating its intention to reconsider the recent approvals granted to GDLC and reconsider its intention to convert the fund into an ETF.

The SEC approval of Grayscale ETFs was hailed as a groundbreaking development for a US multi-asset cryptographic ETF. For beginners, grayscale brings a regulatory structure to products that track Bitcoin, Ethereum, and other major tokens by converting multi-asset crypto funds.

The initial approval of regulatory bodies indicates that the authorities are confident in preparing the product for the market. Nevertheless, it has decided to call Rule 431 of the SEC Rules of Practice to consider previous decisions.

The GDLC fund holds $755 million in Bitcoin, Ethereum, Solana, XRP and Cardano. According to some analysts, staff at the SEC agency approved the approval, not the commissioner, so it’s a callback.

In a letter to the New York Stock Exchange (NYSE), the SEC said: “This letter is to inform you that you will be reviewing the mandatory action in accordance with Rule 431 of the Committee’s Rule 17 CFR 201.431.”

Furthermore, “According to Rule 431(e) of July 1, 2025, the order will remain until the Commission orders.”

Explore: 20+ next ciphers that will explode in 2025

Altcoin Exposure eliciates rare SEC reviews for grayscale ETF applications

The GDLC fund launched in 2018 includes a variety of cryptocurrencies, with over 91% of its holdings invested in Ethereum and Bitcoin. The rest consists of altcoins such as XRP, Solana, Cardano.

GDLC also includes cryptocurrencies established based on market size and adjusts changes quarterly. If approved, GDLC is a public ETF that allows investors to hold multiple crypto assets in one place.

Historically, such reversals are rare. They often manage ongoing internal discussions about investor protection, regulatory consistency and market stability. Altcoins pose varying degrees of risk, which could have been a trigger for SEC committee members to refuse staff-level approval.

The inclusion of assets like XRP and Solana is still controversial, but it may have sparked concerns about the legal treatment of underlying tokens and the clarity of disclosure as multi-asset products such as Grayscale.

Explore: 10+ crypto tokens that can hit 1000X in 2025

Bloomberg analysts believe the SEC is reevaluating the Grayscale ETF to develop clearer rules

Some analysts, such as Bloomberg’s Eric Barkunass, believe the SEC is reevaluating grayscale ETFs and developing clearer rules before allowing more complicated crypto funds. Baluchnas also speculates that regulators are waiting for a consistent standard for crypto investment products before giving a green signal to GDLC’s ETFs.

Explore: Top Solanamemme Coins to purchase in July 2025

Key takeout

  • The GDLC fund holds $755 million in Bitcoin, Ethereum, Solana, XRP and Cardano

  • Bitcoin and Ethereum account for more than 91% of the GDLC fund portfolio

  • Multi-asset products such as Grayscale add levels of structural and legal complexity, as opposed to single-asset ETFs

Why you can trust 99 Bitcoin?

Over 10 years

Founded in 2013, 99 Bitcoin team members have been experts in crypto since the early days of Bitcoin.

90 hours+

Weekly research

100k+

Monthly Readers

50+

Expert Contributors

2000+

Crypto project reviewed

Google News Icon

Follow 99 Bitcoin on Google News Feed

Provide the latest updates, trends and insights directly to your fingertips. Subscribe now!

Subscribe now

]]> https://earlybirdsinvest.com/grayscaleetf-faces-indefinite-delays-as-the-sec-reevaluates-previous-approvals/feed/ 0 45623 Pumpfun reportedly delays token auction to July amid legal troubles https://earlybirdsinvest.com/pumpfun-reportedly-delays-token-auction-to-july-amid-legal-troubles/ https://earlybirdsinvest.com/pumpfun-reportedly-delays-token-auction-to-july-amid-legal-troubles/#respond Fri, 20 Jun 2025 23:50:02 +0000 https://earlybirdsinvest.com/pumpfun-reportedly-delays-token-auction-to-july-amid-legal-troubles/

Pump.fun has delayed its public token sale once again, extending months of uncertainty for users and investors as the popular Solana-based launchpad wrestles with a flurry of lawsuits, Colin Wu reported on June 20.

Pump.fun had aimed to raise $1 billion at a $4 billion valuation through its token auction originally set for June 25. The sale is now expected to happen in mid-July, although the team did not give a precise date or clear reason for the additional delay.

The token launch has reportedly been postponed multiple times since planning began in early 2024, frustrating backers eager for clarity on the platform’s future.

Class action lawsuit

Pump.fun’s legal headaches center on a class action lawsuit filed by Burwick Law on Jan. 15.

The complaint claims that the launchpad operated as an unregistered securities exchange and engaged in systematic price manipulation, inflating the value of tokens minted through its platform and leaving retail buyers with heavy losses when hype subsided.

Max Burwick, founder of the firm, has publicly accused Pump.fun of running what he calls a modern pyramid scheme masked as a viral meme economy. The lawsuit seeks damages and an injunction to halt what the plaintiffs describe as deceptive marketing and trading practices.

On top of the securities claims, Burwick Law and Wolf Popper LLP served Pump.fun with a cease and desist order in February, alleging that user-generated memecoins regularly use trademarks and brand names without permission, exposing the platform to intellectual property liabilities.

Social media ban fuels uncertainty

The project’s struggles spilled onto social media when the official X accounts of Pump.fun and its founder were suspended on June 16 without public explanation.

The ban, which was lifted a few days later, sparked rumors that regulators or legal complaints may have prompted the takedown. However, neither X nor Pump.fun confirmed any link to the pending lawsuits.

The incident mirrored a broader trend, as other crypto startups have reported abrupt suspensions on the platform in recent months, further rattling communities already wary of increasing regulatory crackdowns worldwide.

Pump.fun has since expanded its legal team in an attempt to defend itself against multiple lawsuits and maintain community support. Despite the fresh hires, users and investors remain in the dark about when the token sale, billed as a major milestone for the project, will finally take place.

The repeated postponements have also reignited debate within the Solana ecosystem about the sustainability and legal risks of rapid-fire memecoin launches.

Industry watchers say the outcome of the lawsuits could set an important precedent for other meme-focused platforms navigating the thin line between viral hype and regulatory compliance.

Mentioned in this article
Latest Alpha Market Report
]]> https://earlybirdsinvest.com/pumpfun-reportedly-delays-token-auction-to-july-amid-legal-troubles/feed/ 0 43188 SEC delays decision on Bitwise, 21Shares Solana ETF applications, opens public consultation https://earlybirdsinvest.com/sec-delays-decision-on-bitwise-21shares-solana-etf-applications-opens-public-consultation/ https://earlybirdsinvest.com/sec-delays-decision-on-bitwise-21shares-solana-etf-applications-opens-public-consultation/#respond Mon, 19 May 2025 23:27:41 +0000 https://earlybirdsinvest.com/sec-delays-decision-on-bitwise-21shares-solana-etf-applications-opens-public-consultation/

The US Securities and Exchange Commission (SEC) extended its review of two high-profile proposals for spot Solana (SOL) exchange-traded funds, signaling further delays in the approval process for crypto-linked investment products.

The agency said it would begin a new round of proceedings to assess whether the ETF proposals from asset managers Bitwise and 21Shares comply with key provisions of the Securities Exchange Act.

Specifically, the SEC cited concerns related to market manipulation and investor protection, factors it is obligated to weigh before granting any ETF listing.

Prolonged wait

Bitwise’s application, filed in January through Cboe’s BZX Exchange, and 21Shares’ separate proposal have now each been delayed at least once.

While both firms have experience offering crypto investment products, 21Shares already manages approved Bitcoin (BTC) and Ethereum (ETH) ETFs. The SEC has yet to authorize any fund tied to Solana, a blockchain often touted as a faster, lower-cost alternative to Ethereum.

The regulator said it is seeking additional public input and analytical time to determine whether the proposed rule changes would meet its standards for preventing fraud and ensuring investor confidence.

The regulator’s cautious tone suggests that Solana, despite its rising prominence, may face a longer path to ETF approval than its predecessors.

Regulatory inertia

The delay comes amid a broader regulatory bottleneck affecting several digital asset ETFs. The regulator has postponed decisions on several crypto ETFs in recent weeks and months. Nonetheless, optimism remains strong in the market.

Bloomberg analysts James Seyffart and Eric Balchunas have previously stated that they expect high chances of approval for most ETF applications, with the final green light anticipated sometime in the latter half of the year.

They estimated a 90% likelihood of eventual approval for both Solana and Litecoin (LTC) ETFs, attributing their optimism to favorable commodity classifications and rising institutional interest.

However, with final decisions potentially months away and broader policy uncertainty lingering, investors may be forced to wait until late 2025 for clarity on whether Solana ETFs will make it to US markets.

Mentioned in this article
]]> https://earlybirdsinvest.com/sec-delays-decision-on-bitwise-21shares-solana-etf-applications-opens-public-consultation/feed/ 0 37188 SEC Further Delays Litecoin ETF, Requests Public Comments https://earlybirdsinvest.com/sec-further-delays-litecoin-etf-requests-public-comments/ https://earlybirdsinvest.com/sec-further-delays-litecoin-etf-requests-public-comments/#respond Tue, 06 May 2025 03:05:28 +0000 https://earlybirdsinvest.com/sec-further-delays-litecoin-etf-requests-public-comments/

The U.S. Securities and Exchange Commission (SEC) has further delayed making a decision on Canary Capital’s proposal for a spot Litecoin (LTC) exchange-traded fund (ETF).

This comes after the agency delayed several other applications for spot crypto ETFs last week, including XRP, Hedera, and Dogecoin but hadn’t done so for the Canary Litecoin ETF, sparking hopes that the regulator might have different plans for this fund.

But on Monday, the official deadline, the regulator announced the delay and asked for public comments regarding the proposal’s compliance with regulatory requirements.

“In particular, the Commission seeks comment on whether the proposal to list and trade Shares of the Trust, which would hold LTC, is designed to prevent fraudulent and manipulative acts and practices or raises any new or novel concerns not previously contemplated by the Commission,” the agency wrote in a filing.

Canary Capital, which was founded by former Valkyrie Funds co-founder Steven McClurg last year, had submitted initial paperwork for the fund in October.

LTC, which stands at a $6.6 billion market cap, is the native cryptocurrency of Litecoin, an open-source blockchain project whose code is copied from Bitcoin’s (BTC).

ETF experts at Bloomberg Intelligence had predicted that the token would be the next to be wrapped up in an ETF amid chatter that Canary Capital had received comments back from the SEC regarding its application back in January.

Issuers have yet to receive the first major decision on crypto ETFs made by recently appointed SEC chair Paul Atkins, who took the position in April.

Atkins’ replacement of former Chair Gary Gensler has been characterized as a “huge variable” by Bloomberg senior ETF analyst Eric Balchunas.

]]> https://earlybirdsinvest.com/sec-further-delays-litecoin-etf-requests-public-comments/feed/ 0 34630 SEC delays decisions for DogeCoin and XRP ETFs https://earlybirdsinvest.com/sec-delays-decisions-for-dogecoin-and-xrp-etfs/ https://earlybirdsinvest.com/sec-delays-decisions-for-dogecoin-and-xrp-etfs/#respond Wed, 30 Apr 2025 05:44:47 +0000 https://earlybirdsinvest.com/sec-delays-decisions-for-dogecoin-and-xrp-etfs/

Shaurya is a co-leader of Asia’s Coindesk Tokens and Data Team, focusing on cryptographic derivatives, Defi, Market Microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI and CRV. GHST, Perp, Btrfly, Ohm, Banana, Rome, Burger, Spirit, and Orca.

He offers over $1,000 for liquidity pools of compounds, curves, sushi, pancake waps, burger waps, orca, anyswap, spirit waps, luke protocols, longing finances, synthetics, harvests, compiled cartels, Olimps Dao, Rome, Trader Joe and Sun.

]]> https://earlybirdsinvest.com/sec-delays-decisions-for-dogecoin-and-xrp-etfs/feed/ 0 33559 SEC delays decision on HBAR, Polkadot ETFs for additional review time https://earlybirdsinvest.com/sec-delays-decision-on-hbar-polkadot-etfs-for-additional-review-time/ https://earlybirdsinvest.com/sec-delays-decision-on-hbar-polkadot-etfs-for-additional-review-time/#respond Fri, 25 Apr 2025 08:12:36 +0000 https://earlybirdsinvest.com/sec-delays-decision-on-hbar-polkadot-etfs-for-additional-review-time/

The US Securities and Exchange Commission has extended its timeline for deciding on proposed exchange-traded funds (ETFs) tied to Polkadot (DOT) and Hedera (HBAR).

According to regulatory filings posted on April 24, the SEC has pushed the decision deadline to June 11 for Grayscale’s proposal to convert its Polkadot Trust into a spot ETF and Canary Capital’s plan to list a spot HBAR ETF.

The agency also announced it would delay a decision on Bitwise’s proposed joint Bitcoin (BTC) and Ethereum (ETH) ETF until June 10.

In both filings, the SEC said it was appropriate to designate a longer review period to allow for careful consideration of the proposals and any public comments received.

Regulatory bottleneck

The extensions come as the SEC faces an unprecedented volume of crypto-related filings. As of this month, the agency is reviewing 72 digital asset ETF proposals, including single-asset, dual-asset, and multi-asset funds tied to a range of tokens beyond Bitcoin and Ethereum.

The sharp increase in applications follows last year’s landmark approvals of spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs in July, which opened the door for broader crypto market exposure through regulated investment vehicles.

The flurry of new filings comes amid a notable shift in regulatory posture under the Trump administration. Since January, the SEC has rolled back several enforcement actions against crypto firms and launched a series of public roundtables aimed at updating digital asset policy.

The next roundtable, scheduled for Friday, will focus on crypto custody frameworks, a key topic for institutions handling client assets.

The SEC’s actions are widely seen as a signal of greater openness, though the agency remains cautious in evaluating whether new crypto products meet investor protection standards.

Disclaimer: CryptoSlate has received a grant from the Polkadot Foundation to produce content about the Polkadot ecosystem. While the Foundation supports our coverage, we maintain full editorial independence and control over the content we publish.

Mentioned in this article
]]> https://earlybirdsinvest.com/sec-delays-decision-on-hbar-polkadot-etfs-for-additional-review-time/feed/ 0 32717