The U.S. Securities and Exchange Commission (SEC) has deferred its rulings on multiple cryptocurrency exchange-traded fund (ETF) proposals, including those submitted by asset management giants BlackRock and Franklin Templeton. The delay affects funds designed to track Solana (SOL) and XRP, as well as proposals incorporating Ether (ETH) staking mechanisms.
This extension grants the regulatory body additional time to conduct thorough evaluations of the complex applications. Market analysts interpret the postponement as a sign of the SEC’s cautious approach toward digital asset-based financial products, particularly those involving staking rewards or lesser-known cryptocurrencies. The decision aligns with the commission’s historical pattern of seeking extended review periods for novel investment vehicles.
Industry observers note that while delays create temporary uncertainty, they also demonstrate the regulatory seriousness with which these applications are being considered. The crypto investment community continues monitoring developments closely, as approval of such products would represent a significant milestone in bridging traditional finance with digital assets. Both BlackRock and Franklin Templeton have previously expressed commitment to navigating regulatory requirements for their crypto offerings.
