Source: Blockchain Knight
On April 29, the SEC postponed its decision on five Crypto asset-related ETF applications, a move that was expected by Bloomberg ETF analysts James Seyffart and Eric Balchunas.
The postponement involves Franklin Templeton's spot Solana (SOL) ETF and XRP ETF, Grayscale's spot Hedera (HBAR) ETF, Bitwise's Dogecoin (DOGE) ETF, and the collateral provisions related to Fidelity's spot Ethereum (ETH) ETF.
Seyffart said: "In my opinion, this is expected. Most of these applications have a final deadline of October 2025 or later."
He also did not rule out the possibility of further extensions this week, as there are about 72 Crypto ETFs awaiting approval from the SEC and the deadlines for these applications are approaching.
Balchunas pointed out that the SEC is unlikely to make any decisions on the matter until SEC Chairman Paul Atkins officially takes office in the near future.
He added: "They have been meeting with outsiders. They may be developing relevant strategies. After that, perhaps they will approve these applications."
The SEC's decisions on Crypto asset ETF applications usually follow a series of statutory deadlines: 45 days, 90 days, 180 days and 240 days after the publication of Form 19b-4 in the Federal Register.
According to the ETF approval calendar compiled by Bloomberg ETF analysts, many of the delayed products still have final deadlines between the third and fourth quarters.
The updated calendar shows that the final decision deadline for the Franklin Spot XRP ETF is now set for November 5, 2025, while the Franklin Spot SOL ETF needs to be ruled on by October 7, 2025.
The final deadline for the Grayscale Hedera ETF and the Bitwise Dogecoin ETF is set for October 8, 2025. The Ethereum staking provisions related to the Fidelity proposal are still awaiting approval, and its early stages were completed in April 2025.
The extension is in line with the SEC’s normal practice of extending the agency’s evaluation time without making a decision to reject the application.