SEC Extends Crypto ETF Decisions to June 2025

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on two key proposals related to crypto exchange-traded funds (ETFs) until June 2025, affecting Grayscale's Ethereum ETFs, which seek to allow staking, and VanEck's Bitcoin and Ether ETFs for in-kind redemptions. This decision reflects the SEC's cautious approach, despite other jurisdictions like Europe and Canada permitting staking in ETFs. The appointment of new SEC Chair Paul Atkins could influence future decisions, amid a volatile crypto market and ongoing trade tensions between the U.S. and China. While the SEC has not previously approved staking in spot Ether ETFs, these protracted timelines provide additional time for internal assessment and public comment consideration.