The delays were deemed as expected by Eric Balchunas and James Seyffart, with most altcoin-related ETFs being approved by the SEC only at the last deadline.
Decisions on five crypto-related exchange-traded funds (ETFs) applications were delayed by the US Securities and Exchange Commission (SEC) on April 29, a move that was expected by Bloomberg ETF analysts James Seyffart and Eric Balchunas.
The postponements have affected the spot Solana (SOL) and XRP ETFs by Franklin Templeton, the Grayscale spot Hedera (HBAR) ETF, the Bitwise spot Dogecoin (DOGE) ETF, and the staking provisions linked to the Fidelity spot Ethereum (ETH) ETF.
Seyffart stated:
“This is expected IMO. Final deadlines for most of this stuff is in October 2025 or later.”
The possibility of further delays this week was also not discarded by him, with more deadlines approaching for approximately 72 crypto ETFs awaiting the SEC’s approval.
It was noted by Balchunas that no decisions were likely to be made by the SEC on the matter until Chair Paul Atkins officially took office, which occurred very recently.
He added:
“They’ve been taking outside meetings with people. Probably coming up with a strategy. After that, likely approvals.”
Decisions by the SEC on crypto ETF applications are typically made following a series of statutory deadlines: 45, 90, 180, and 240 days after a 19b-4 filing is published in the Federal Register.
It has been stated that many of the delayed products still have their final deadlines between the third and fourth quarters, according to the ETF approval calendar compiled by Bloomberg ETF analysts.
It is shown by the updated calendar that the Franklin Spot XRP ETF now has a final decision deadline of Nov. 5, 2025, while a ruling for the Franklin Spot Solana ETF is awaited by Oct. 7, 2025.
The final deadlines for the Grayscale Hedera ETF and Bitwise Dogecoin ETF are both scheduled for Oct. 8, 2025. The Ethereum staking provisions linked to Fidelity’s proposal are currently pending, with earlier stages having been completed by April 2025.
The delays are in line with standard SEC practice and extend the agency’s timeline, allowing continued evaluation without denials being issued.
