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SEC Delays Major ETF Decisions for BlackRock and Franklin Templeton Amid Regulatory Changes

This week, the U.S. Securities and Exchange Commission (SEC) announced it will extend its review period for various cryptocurrency exchange-traded fund (ETF) applications.

This delay affects significant filings such as Franklin Templeton's spot Solana and XRP ETFs, now set for final decisions on November 14, 2025.

For BlackRock, the review for its proposed Ethereum ETF, which includes staking mechanisms, has been postponed to October 30, 2025.

The SEC's rationale focuses on ensuring proper regulatory oversight and is aimed at addressing the technicalities surrounding asset control and fraud prevention in crypto trading.

Despite the postponements, market reactions have been subdued, with slight price increases for Ethereum and Solana observed in recent days.

The current environment reflects a cautious but proactive regulatory stance, as the SEC emphasizes thorough review to protect investors and facilitate market structure.

Asset managers and stakeholders are now bracing for a flurry of ETF deadlines in the coming months, anticipating substantial changes in approval processes.

SEC Chair Paul Atkins has expressed a commitment to a clearer regulatory framework, which aligns with the recent emphasis on innovation in the crypto space.

While these delays might cause frustration among investors seeking immediate launches, they could ultimately lead to more robust regulations benefiting the entire industry.

As the SEC redefines its approach to digital assets, the upcoming deadlines will be pivotal in shaping the landscape of cryptocurrency investments in the U.S.