SEC delays crypto ETFs: the U.S. Securities and Exchange Commission has extended review deadlines for multiple spot and staking ETF filings to late October and mid-November, pausing immediate approvals for issuers including BlackRock, Franklin Templeton and Fidelity while markets await final decisions and potential Q4 impact.
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SEC extended final deadlines for several spot and staking ETF filings to Oct–Nov 2025.
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Major issuers affected include BlackRock, Franklin Templeton, Fidelity, 21Shares and Grayscale.
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Bloomberg ETF analyst James Seyffart reports over 90 crypto ETF filings pending; XRP futures have shown record activity ahead of decisions.
SEC delays crypto ETFs: Final deadlines pushed to Oct–Nov 2025 — track issuer dates and prepare for potential Q4 market moves. Read analysis and expert context.
What are the SEC delays on crypto ETFs?
SEC delays crypto ETFs refers to the U.S. Securities and Exchange Commission extending review windows for multiple spot and staking ETF filings, moving final decision dates into late October and mid-November 2025. The regulator requested more time to assess applications from large asset managers before granting approvals or denials.
Which issuers had decisions postponed and what are the new dates?
BlackRock’s staking application was extended to October 30, 2025. Franklin Templeton’s crypto index and staking permission were pushed to November 13, 2025. Franklin Templeton’s Spot Solana (SOL) and Ripple (XRP) applications were moved to November 14, 2025.
Other issuers delayed include Fidelity, 21Shares and Grayscale on Ethereum staking-related matters. These extensions reflect the SEC’s additional time to review legal and market-structure questions tied to staking and token classification.
Source: SEC
How many ETF filings remain pending and which new filings are appearing?
According to Bloomberg ETF analyst James Seyffart (reported in plain text), there are over 90 crypto ETF filings currently awaiting SEC decisions, covering both large-cap tokens and smaller memecoins. VanEck is reportedly preparing a Spot Hyperliquid (HYPE) staking ETF filing in the U.S. alongside a European exchange offering.
Issuers continue to submit new applications even as the SEC extends review deadlines. The first U.S.-based memecoin ETF (Dogecoin [DOGE]) is set to debut this week, illustrating the breadth of product types under review.
How could approvals affect the market in Q4?
Approvals would likely increase institutional access and could trigger renewed inflows into the crypto market, particularly for liquidity-rich tokens like ETH, SOL and XRP. Market indicators already show heightened positioning: XRP futures reached record levels ahead of the November deadlines.
However, sustained trading and listing longevity will depend on public demand and exchange rules. If issuance volumes are low after launch, some products could be subject to delisting pressure over time.
Key Takeaways
- Regulatory timing: SEC extended deadlines to Oct–Nov 2025, delaying immediate approvals.
- Major issuers affected: BlackRock, Franklin Templeton, Fidelity, 21Shares, Grayscale and others.
- Market impact: Approvals could spark Q4 inflows; XRP futures and memecoin ETFs show elevated activity.
Frequently Asked Questions
Which tokens are most likely to be approved for ETFs first?
Large-cap tokens with clear custody and market structures—Ethereum (ETH), Bitcoin-related products, and high-liquidity altcoins like Solana (SOL) and Ripple (XRP)—are considered top candidates due to established markets and issuer filings.
What should investors do while the SEC reviews filings?
Investors should assess risk tolerance, diversify exposure, and monitor official SEC filings and issuer prospectuses. Consider using limit orders and position sizing to manage volatility triggered by regulatory updates.
Will staking permission change how ETFs operate?
Yes. If staking is permitted within ETF structures, products could offer yield via liquid staking derivatives. The SEC’s guidance that certain liquid staking receipts may not be securities informs issuer structuring and custody practices.
Conclusion
The SEC delays crypto ETFs into October and November 2025 create a pause that markets are already pricing in. SEC delays crypto ETFs does not equal rejection—issuers continue filings and market indicators point to strong interest. Watch issuer dates, liquidity signals and official SEC releases as the next milestones approach.
