Author: cryptoslate
Translated by: Blockchain Knight
On April 29, the SEC postponed the decision on five Crypto asset-related ETF applications, a move anticipated by Bloomberg ETF analysts James Seyffart and Eric Balchunas.
This delay involves Franklin Templeton's spot Solana (SOL) ETF and XRP ETF, Grayscale's spot Hedera (HBAR) ETF, Bitwise's Dogecoin (DOGE) ETF, and staking provisions related to Fidelity's spot Ethereum (ETH) ETF.
Seyffart stated: "In my view, this was expected. Most such applications have final deadlines in October 2025 or later."
He did not rule out the possibility of further delays this week, as approximately 72 Crypto ETFs are still awaiting SEC approval, with their application deadlines approaching.
Balchunas noted that the SEC is unlikely to make any decisions on this matter before the recent formal appointment of SEC Chairman Paul Atkins.
He added: "They have been meeting with external parties. They may be developing related strategies. After that, they might approve these applications."
The SEC's decisions on Crypto asset ETF applications typically follow a series of statutory deadlines: 45, 90, 180, and 240 days after filing the 19b-4 form in the Federal Register.
According to the ETF approval calendar compiled by Bloomberg ETF analysts, many delayed products still need to reach their final deadlines between the third and fourth quarters.
The updated calendar shows that the final decision deadline for Franklin's spot XRP ETF is now set for November 5, 2025, while the Franklin spot SOL ETF needs to be ruled on by October 7, 2025.
The final deadlines for Grayscale's Hedera ETF and Bitwise's Dogecoin ETF are both set for October 8, 2025. The Ethereum staking provisions related to the Fidelity proposal are still awaiting approval, with its early stages completed in April 2025.
This delay is consistent with the SEC's standard practice, extending the agency's evaluation time without making a decision to reject the applications.
