Nate Geraci Lays Out His Prediction on When the SEC Will Green-Light More Crypto ETFs
TL;DR
The SEC once again postponed decisions on several crypto ETFs, including proposals from Franklin, Grayscale, Bitwise, Invesco Galaxy, and Fidelity.
Among the delayed products are ETFs based on Solana, XRP, HBAR, Dogecoin, and Ethereum funds with a staking option to generate yields.
Nate Geraci predicted that approvals will arrive this year, driven by market pressure and growing institutional interest in altcoins.
The U.S. Securities and Exchange Commission (SEC) has once again delayed decisions on several exchange-traded funds (ETFs) linked to cryptocurrencies.
Nate Geraci, president of ETFStore and a well-known figure in the sector, shared on social media that the regulatory agency postponed rulings on products submitted by firms such as Franklin, Grayscale, Bitwise, Invesco Galaxy, and Fidelity.
Which Products Were Delayed?
Among the delayed proposals are Franklin’s ETFs based on Solana and XRP, along with the HBAR ETF submitted by Grayscale and the Dogecoin ETF proposed by Bitwise. Also pending are requests to include staking features in Ethereum funds from Franklin and Fidelity, a function that allows investors to earn additional yields by participating in the validation of transactions on the ETH blockchain.
Additionally, the SEC decided to delay its ruling on the in-kind creation and redemption mechanisms for Bitcoin and Ethereum funds managed by Invesco Galaxy. This feature allows institutional investors to directly exchange the underlying assets for shares in the fund, reducing costs and risks associated with secondary market trading.
The SEC Won’t Be Able to Ignore Market Demands
Despite the delays, Geraci remains optimistic and expects approvals to come before the end of the year. According to him, the interest in creating new avenues for crypto investment continues to grow, and sooner or later, regulation will have to adjust to that demand.
Fund managers aim to expand the ETF offering beyond Bitcoin. Interest in products tied to altcoins and staking options has gained significant ground, driven by the growth of decentralized finance and broader institutional adoption.
The industry expects that once the SEC defines clear criteria for these types of instruments, a wave of new approvals will follow, making crypto products more accessible through regulated platforms. This could fundamentally reshape the reach of digital assets for both institutional funds and retail investors operating in traditional markets
Filed under: News - @ April 30, 2025 5:23 pm