Crypto ETFs: The Long (and Delayed) Wait
SEC Postpones Decisions on Grayscale Solana and Litecoin ETFs Until Q3 2025
Get the lowdown on the latest updates and timeline for popular crypto ETFs.
Grayscale's Solana and Litecoin ETFs
The Securities and Exchange Commission (SEC) has hit the pause button on decisions for Grayscale's Solana and Litecoin ETFs, pushing back their review dates to August 11 for Litecoin and October 10 for Solana in 2025. The SEC is ensuring these products align with investor protection standards and adhere to the Securities Exchange Act requirements [3][5].
BlackRock's Bitcoin ETF
BlackRock is gunning for a Bitcoin ETF with a twist - an in-kind redemption model. This means that authorized participants could create or redeem shares with Bitcoin instead of cold, hard cash [1][5]. The SEC is still mulling over the proposal, with no clear approval timeline in sight before Q4 2025 [5].
21Shares' Dogecoin ETF
The Dogecoin craze isn't slowing down, and the 21Shares Dogecoin ETF is no exception. The SEC has initiated a public comment period, with the ETF aiming to track DOGE prices using a CF Benchmarks index [5]. Like the other crypto ETFs, the decision timeline is uncertain, with no approvals expected before Q4 2025 [5].
New SEC Chair's Reassessment
With the arrival of new SEC Chair Paul Atkins, the regulatory landscape for digital assets is shifting. Atkins' accommodative approach has prospects for a more favorable environment for crypto ETFs, but don't hold your breath - the SEC's cautious approach means no approvals are likely before Q4 2025 [5].
[1] Nasdaq's filing to amend BlackRock's iShares Bitcoin Trust has entered its public comment phase.[3] The SEC delayed its decision on Grayscale's Solana ETF to evaluate whether the listing meets investor protection standards.[5] The delays in decision-making allow the SEC to reassess and potentially alter its stance on crypto products, focusing on enhanced public engagement and investor protection.
The upcoming timeline for decision-making on Grayscale's Solana and Litecoin ETFs involves review dates in August 11 and October 10 of 2025, respectively, as the SEC ensures these products align with investor protection standards and adhere to the Securities Exchange Act requirements. BlackRock's Bitcoin ETF is still under consideration by the SEC, with an anticipated announcement in Q4 2025, featuring an innovative in-kind redemption model.
