The US Securities and Exchange Commission (SEC) delayed decisions on five crypto-related exhibition-related funds (ETFS) applications on April 29, a movement expected by Bloomberg ETF analysts James Seyffart and Eric Balchunas.
The postponing influences Franklin Templeton’s Spot Solana (SOL) and XRP ETFS, Grayscale Spot Hedera (HBar) ETF, BitWise Spot Dogecoin (Doge) ETF and the Staksprings associated with the Fidelity Spot Etereum (ETH) ETF.
Seyffart stated:
“This is expected imo. The last deadlines for the most part of this stuff are in October 2025 or later.”
This week he did not throw away the possibility of further delays, with more deadlines that approached at around 72 crypto ETFs awaiting the SEC approval.
Balchunas noted that the SEC would probably not make decisions about the issue until chairman Paul Atkins officially took office, which took place very recently.
He added:
“They have held external meetings with people. Probably come up with a strategy. After that, probably approvals.”
SEC decisions on crypto ETF applications usually follow a series of legal deadlines: 45, 90, 180 and 240 days after the publication of a 19B-4 entry in the federal register.
Many of the delayed products are still confronted with their latest deadlines between the third and fourth quarter, according to ETF approval calendar Compiled by Bloomberg ETF analysts.
The updated calendar shows that the Franklin Spot XRP ETF is now confronted with a definitive decision -making deadline of 5 November 2025, while the Franklin Spot Solana ETF awaits a statement by October 7, 2025.
The grayscale Hedera ETF and Bitwise Dogecoin ETF have both planned definitive deadlines for 8 October 2025. The facilities of Ethereum strike to Fidelity’s proposal are currently being processed, with previous phases completed from April 2025.
The delays follow the Standard SEC practice and extend the agency’s timeline to continue with the evaluation without denying.