SEC delays Ethereum staking and altcoin ETF decisions

SEC delays Ethereum staking and altcoin ETF decisions
SEC pushes back review of BlackRock’s Ethereum staking ETF

​The U.S. Securities and Exchange Commission (SEC) has again postponed key crypto ETF rulings, this time targeting proposals tied to Ethereum staking, Solana, and XRP. 

In a Sept. 10 filing, the regulator extended its review of BlackRock’s iShares Ethereum Trust staking proposal until October 30, 2025, pushing back what could become the first ETF to integrate staking, reports Crypto News.

Proposals from Fidelity and Franklin Templeton to add staking features to their Ethereum funds have also been delayed, with deadlines now set for November 13. Altcoin-focused ETFs faced similar treatment: CBOE’s 21Shares Ethereum ETF was moved to October 23, NYSE’s Grayscale Ethereum ETF to October 29, and Franklin Templeton’s Solana and XRP funds to November 14.

Staking raises investor protection concerns

While the SEC cited only a need for “additional time,” the broader backdrop reveals deeper caution. Staking features touch on custody, investor protection, and market manipulation risks, long-standing flashpoints in the regulator’s oversight of digital assets. By delaying, the SEC is signaling unease over whether staking ETFs could expose retail investors to risks beyond those of traditional spot ETFs. 

The Commission may also be waiting to finalize its Generic Listing Standards proposal, a framework designed to streamline crypto ETF approvals. If adopted, it could allow certain funds to bypass the traditional 19b-4 process and receive clearance after a 75-day review period, dramatically accelerating the market for crypto ETFs.

Trump-era climate boosts institutional appetite

Despite the regulatory delays, institutional interest in crypto ETFs remains high, fueled by the more crypto-friendly environment under President Donald Trump and SEC Chairman Paul Atkins. Following approvals for Bitcoin and Ethereum spot ETFs in early 2024, more than 90 crypto ETF applications are now pending across asset classes. BlackRock, Fidelity, and Franklin Templeton’s filings highlight how traditional financial giants are seeking to deepen exposure to Ethereum and other altcoins through regulated vehicles. For now, however, the industry is left waiting as October and November deadlines approach, with the SEC’s cautious stance keeping the pace of ETF innovation slower than market demand.

Recently we wrote that the U.S. Securities and Exchange Commission (SEC) has once again postponed decisions on a broad range of cryptocurrency exchange-traded fund (ETF) applications, moving most deadlines to October 2025.

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