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 agency’s latest moves follow a broader pattern of staggered reviews across more than 70 crypto ETF proposals, which remain in various evaluation stages. On April 29, the SEC delayed decisions on five other crypto-related ETFs.
Seyffart said the delay was “expected,” and most of the affected products face final deadlines no earlier than October.
He said:
“They’ve been taking outside meetings with people. Probably coming up with a strategy. After that, likely approvals.”
SEC decisions on crypto ETF applications follow a multi-stage statutory process based on the publication of proposed rule changes in the Federal Register.
The agency typically operates on review intervals of 45, 90, 180, and 240 days, allowing multiple opportunities to delay decisions before reaching a final deadline.
The regulator’s recent actions are consistent with its historical practice of extending reviews to the full statutory limits before issuing decisions.
No ETF in this group faces a final deadline before late in the third quarter, leaving applicants and investors awaiting further clarity on the regulatory trajectory for crypto-linked investment vehicles.
