The SEC has announced its decision to extend the review period for several cryptographic ETFs. This includes Staking proposal For the Ethereum ETF, as well as the XRP and Dogecoin ETF, the committee is pushing its decision to the final deadline for these funds.
SEC delays decisions for Ethereum, XRP, and Dogecoin ETFs
in SEC Releasethe committee has made it clear that the review period for proposed rules changes will be extended to allow soaking. BlackRock’s Ethereum ETF. The agency said it had determined that it would be appropriate to specify a longer period of time to take action against the proposed rules changes. That way you will have plenty of time to consider the proposal and the issues.
The extension requires the SEC to approve or disapprove any proposed rule changes until the final deadline of October 30th. The committee also makes similar decisions regarding the proposed changes to rules and allows staking. Faithful and Franklin Templeton’s Ethereum etfs. The final deadline for the SEC to approve or disapprove any proposed changes to both funding rules is November 13th.
There are other similar applications too. Ethereum ETF PublisherGrayscale and 21 shares can be used to stop each fund. The final deadline for the proposed rule changes for 21 shares and Grayscale is October 23rd and 29th, respectively. Based on this, the SEC may be able to approve ETH ETF staking on October 23rd. This is similar to how the committee approved all the funds it launched at the same time last year.
Meanwhile, the SEC is expected to approve these funds. Staking activities are not securities. By stabilizing these funds, investors can gain spot exposure to Ethereum while earning yields.
SEC also delays XRP and DogeCoin ETF decisions
The SEC is also late Decisions regarding Franklin Templeton’s XRP ETF and Bitwise decisions Dogecoin ETF. Similar to the Ethereum ETFS decision, the committee said it would take more time to review the proposed rules changes and the issues. Currently, until the final deadline of November 14th, we must approve or disapprove any proposed rule changes to list and trade stocks in this fund.
It’s worth noting that the SEC has already delayed others XRP ETF Application Until the final deadline. Grayscale, Bitwise, 21 shares, Coinshare, Canary Capital, Wisdom Tree, and Franklin Templeton all apply for XRP funds under 33 Acts. The first final deadline is Grayscale, which will be released on October 18th.
meanwhile, The SEC delayed the decision Regarding changes to the rules for Bitwise’s Dogecoin ETF, Grayscale also applied to the Doge ETF for changes to the final deadline, which will appear on November 12th, and the final deadline was concluded on October 18th.
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