SEC delays crypto ETF decisions for BlackRock, Franklin Templeton

New Final Review Date as SEC Delays Crypto ETFs

SEC Delays Review Period for Crypto ETFs

The U.S. Securities and Exchange Commission said this week that it will take more time to review several exchange-traded fund (ETF) filings tied to cryptocurrencies. The move means decisions on big applications including Franklin Templeton’s spot Solana fund and questions about staking for BlackRock’s Ethereum product  have been pushed to Nov dates.

Franklin Templeton's Updated Date 

For Franklin Templeton’s spot Solana ETF and the Franklin spot XRP ETF is pushed to November 14, 2025 for a final decision. The delay was announced in a public filing and extends the window for the commission to weigh the listing rules and trading controls for a Solana-based fund. The extra six weeks aim to give regulators time to consider market structure and compliance points.

Blackrock’s New Deadline 

The SEC has set a new review deadline of October 30, 2025 for the BlackRock filing that would allow staking in its proposed Ethereum ETF. The extra time lets the agency check how staking would work inside a regulated fund, including custody, investor protections, and operational details. Asset managers and market watchers see this as a focused pause rather than a rejection.

Why The Sec Delays — The Core Question

Regulators are focusing on several technical points. For staking, the SEC wants clarity on who holds control of staked assets, how rewards are handled, and whether staking changes a fund’s legal status. For spot Solana funds, the commission is checking listing rules and whether exchanges can monitor for fraud or manipulation. The agency’s careful approach reflects its effort to balance investor access with market safety.

Market Reaction — Calm But Watchful 

Prices for Ether and Solana moved only slightly after the filing updates. SOL is trading at $224 with 4% hike in past 24hrs. Ethereum is trading at $4368 with slight 1%-2% hike in past 24hrs.

Traders expect volatility when major approvals are near, but a formal decision delay usually brings small, short-term ripples rather than big crashes. Many investors now watch October and November closely because those months will host a flurry of ETF deadlines from multiple firms.

What This Means For Asset Managers And Investors 

For the asset managers, the delays mean more work: expect extra filings, more data supplied to the SEC, and further talks between lawyers and regulators. For investors, the practical effect is patience product launches that some hoped would arrive soon will wait. 

Thay said, more review can also mean clearer rules later, which many managers say they prefer to rushing to launch under uncertain terms. The industry is watching whether these staggered deadlines lead to a grouped set of approvals or more rolling decisions.