SEC Delays Decisions on Solana, XRP, and Ethereum Staking ETFs Amid Surge in Crypto Fund Applicat...

SEC delays decisions on crypto ETFs linked to Solana, XRP, and Ethereum staking until October and November.

Over 90 crypto ETF proposals are under SEC review as interest in altcoin funds continues to grow.

Major firms like BlackRock, Franklin, and Bitwise await SEC rulings on staking features in Ethereum ETFs.

The U.S. Securities and Exchange Commission (SEC) has postponed decisions on several crypto-linked exchange-traded funds (ETFs). The agency announced new staking proposal deadlines for Solana, XRP, and Ethereum on Wednesday. Franklin Templeton’s amendment for Ethereum staking has a deadline of November 13

Its proposals for Solana and XRP ETFs are delayed until November 14. BlackRock’s request to allow staking in its iShares Ethereum Trust will be reviewed by October 30.

These extensions are part of the SEC’s standard review process under Section 19(b) of the Securities Exchange Act. The law allows the agency to extend its decision period up to 240 days, depending on the complexity of the rule changes.

More Crypto ETF Applications Face Delays

The SEC also postponed decisions on several other ETF proposals this week. On Tuesday, the agency delayed reviews of Bitwise’s Dogecoin ETF and Grayscale’s Hedera ETF. In March, Grayscale filed 19b-4 with the SEC through Nasdaq to list and trade a Hedera ETF. Both applications face a new decision date of November 12. Other delays include NYSE Arca’s filings for the Truth Social Bitcoin and Ethereum ETFs, due October 8. Meanwhile, the 21Shares and Bitwise Solana ETFs have been moved to October 16.

Franklin Templeton’s XRP Trust was pushed to October 19. Originally, the SEC had delayed Franklin Templeton’s spot XRP ETF decision from April to June 2025. The WisdomTree XRP Fund, listed under Cboe BZX, has a new deadline of October 24. The agency also extended its review of the Canary PENGU ETF to October 12.

High Volume of Proposals Under Review

The SEC currently has at least 92 crypto-related ETF proposals under review. These include funds from major institutions such as Fidelity, Grayscale, and VanEck. BlackRock, Franklin Templeton, and Invesco/Galaxy are among the firms seeking approval for Ethereum staking. Most of these plans seek to diversify crypto beyond Bitcoin and Ethereum.

The growing interest in altcoin ETFs reflects increased institutional focus on the broader crypto market. While filings increase, the SEC continues to use full review periods before issuing any final rulings.

Staking Rules Remain Under Evaluation

In July, the SEC invited public comments on a rule change that would permit staking in BlackRock’s Ethereum Trust. This followed earlier statements from the SEC’s Division of Corporation Finance indicating that some staking activities may not involve securities.

Despite a more open stance toward digital assets, delays continue. Several issuers have expressed interest in staking, especially after regulatory clarity improved in May. Grayscale, Franklin, and Bitwise are among those pursuing staking features in their Ethereum products.

Franklin Templeton first submitted its Solana and XRP ETF applications in March. Those filings remain under extended review as the SEC evaluates each proposal.