SEC punts decision on crypto ETFs again, final rulings anticipated later in 2025
The US Securities and Exchange Commission postponed decisions on multiple crypto-related exchange-traded fund (ETF) applications on May 13, including those filed by Grayscale and BlackRock.
The delays extend the agency’s review timeline and align with expectations that it will grant no approvals before the final quarter of 2025.
Grayscale’s proposed spot ETFs for Solana (SOL) and Litecoin (LTC) were deferred. The new filing deadlines for both are August 11 and October 10.
The SEC also delayed action on BlackRock’s request to enable in-kind redemptions for its approved spot Bitcoin (BTC) ETF. BlackRock’s request has no updated deadline, which centers on technical mechanics rather than initial approval.
Separately, the SEC…
