The US Securities and Exchange Commission (SEC) delayed decisions on five crypto-related exchange-traded funds (ETFs) applications

The postponements affect Franklin Templeton's spot Solana (SOL) and XRP ETFs, Grayscale spot Hedera (HBAR) ETF, Bitwise spot Dogecoin (DOGE) ETF

The U.S. Securities and Exchange Commission (SEC) has postponed decisions on five crypto-related exchange-traded funds (ETFs) applications, according to a report by Bloomberg.

The move, which was expected by ETF analysts James Seyffart and Eric Balchunas, further delays the SEC’s ruling on products tracking Solana (SOL) and XRP.

The regulator had until April 29 to decide on the Franklin Templeton ETFs, 180-day postponements.

Its window to rule on the Grayscale Hedera (HBAR) ETF and Bitwise Dogecoin (DOGE) ETF also closed on Monday.

The setbacks come as no surprise, with Seyffart anticipating the delays and noting that the final deadlines for most products fall in October 2025 or later.

He also mentioned the possibility of more postponements this week, considering that around 72 crypto ETFs await the SEC’s approval and other grantors.

Its window to rule on the STI Hedera ETF and Bitwise Dogecoin ETF also closed on Monday.

The setbacks come as no surprise, with Seyffart anticipating the delays and noting that the final deadlines for most products fall in 2025.

He also mentioned the possibility of more postponements this week, considering that around 72 crypto ETFs await the SEC’s approval and other grantors.

Earlier this month, Balchunas stated that the SEC was unlikely to make any decisions on crypto ETF applications until Chair Paul Atkins officially took office, which happened very recently.

“They’ve been taking outside meetings with people. Probably coming up with a strategy. After that, likely approvals,” he added.

SEC decisions on crypto ETF applications typically follow a series of statutory deadlines: 45, 90, 180, and 240 days after the publication of a 19b-4 filing in the Federal Register.

Many of the delayed products still face their final deadlines between the third and fourth quarters, according to the ETF approval calendar compiled by Bloomberg ETF analysts.

The updated calendar shows that the Franklin Spot XRP ETF now faces a final decision deadline of Nov. 5, 2025, while the Franklin Spot Solana ETF awaits a ruling by Oct. 7, 2025.

The Grayscale Hedera ETF and Bitwise Dogecoin ETF both have final deadlines scheduled for Oct. 8, 2025. The Ethereum staking provisions tied to Fidelity’s proposal are currently pending, with earlier stages completed as of April 2025.

The delays follow standard SEC practice and extend the agency’s timeline to continue evaluation without issuing denials.

News data source: kdj.com

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