🚨 SEC Hits Pause on 5 Crypto ETFs — But October Could Be a Bloodbath or Breakout
The SEC just delayed another wave of crypto ETFs — and no one’s surprised. On April 29, the agency pushed decisions on spot ETFs for Solana (Franklin), XRP (Franklin), Hedera (Grayscale), Dogecoin (Bitwise), and Ethereum staking (Fidelity) into later 2025.
🔍 Bloomberg’s James Seyffart and Eric Balchunas called the move “textbook SEC,” expecting final verdicts by Q4. Seyffart hinted more delays could hit this week, with 72+ ETF filings still in limbo.
🤔 Balchunas noted the real action likely starts now that pro-crypto Chair Paul Atkins is officially in office. Strategic talks are reportedly underway — and yes, “likely approvals” are on the horizon.
🗓 Mark these ETF final deadlines:
Franklin XRP: Nov 5
Franklin SOL: Oct 7
Grayscale HBAR / Bitwise DOGE: Oct 8
Fidelity ETH staking: still in process
While delays feel like déjà vu, they’re part of the SEC’s playbook. Expect maximum suspense all the way to the final buzzer — and potentially the green light that reshapes crypto forever.
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