SEC Extends Deadlines for Multiple Proposed ETF Rule Changes

The Securities and Exchange Commission (SEC) has extended the review periods for several proposed rule changes related to cryptocurrency and digital asset exchange-traded products. These include proposals to permit staking for the Franklin Crypto Index ETF, allow in-kind creations and redemptions for the Invesco Galaxy Bitcoin and Ethereum ETFs, and enable the listing and trading of the Grayscale Hedera Trust (HBAR) and Bitwise Dogecoin ETF. The extensions provide the SEC with additional time to thoroughly consider the proposed changes and the issues they raise. New decision deadlines have been set for mid-June 2025, reflecting the SEC's commitment to a careful evaluation of these evolving digital asset products. The actions underscore ongoing regulatory scrutiny as the market for cryptocurrency-related ETFs continues to expand.