SEC pushes back decisions on BlackRock and Franklin crypto ETFs
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The Securities and Exchange Commission (SEC) has pushed back decisions on a list of high-profile crypto exchange-traded funds (ETFs). The extensions apply to proposals from two of the industry’s largest players: BlackRock and Franklin Templeton. Per SEC filings, the amendment from Franklin to permit staking within its Ethereum ETF is now pending a decision by November 13. Its Solana and XRP ETFs were delayed a day later on November 14. The review period for this proposed amendment has been reset to October 30 for BlackRock’s iShares Ethereum Trust. The SEC didn’t indicate whether it prefers to approve or deny the ETF. Instead, it used its authority under the Securities Exchange Act Section 19(b) to take the longest possible extension time. These rules enable the Commission to stall for up to 180 days and occasionally for another 60 days. Franklin Templeton first requested its proposals for Ethereum, Solana, and XRP, with Cboe BZX in March, and Nasdaq submitted BlackRock’s iShares Ethereum staking amendment in July. Every product is designed to offer investors exposure to crypto assets through regulated markets, a factor identified as key to mainstream adoption. SEC extends ETF reviews The language in the SEC filings is clear enough. The delays are not rejections; they are evidence of the Committee’s view that the proposals merit additional scrutiny. Officials say that the agency has to balance factors like market stability, investor protection, and the complexity of staking before issuing final rulings. Staking in particular remains sensitive. These newest extensions are part of a larger drift. The SEC also pushed back its decision on the Bitwise Dogecoin ETF and the Grayscale Hedera ETF to Nov. 12. The summer delivered another spate of postponements. New reviews were extended in August for NYSE Arca’s applications for the Truth Social Bitcoin and Ethereum ETF. Those…
Filed under: News - @ September 11, 2025 1:27 am