SEC Delays Decision on Crypto ETFs from BlackRock, Franklin Templeton
The U.S. Securities and Exchange Commission has extended its review period for spot cryptocurrency exchange-traded fund applications submitted by asset management giants BlackRock and Franklin Templeton. The delay signals continued regulatory caution despite growing institutional demand for crypto exposure.
Market participants view ETF approvals as a key milestone for mainstream adoption. Previous SEC rejections cited concerns over market manipulation and custody arrangements. Bitcoin and ethereum prices showed muted reaction to the news, suggesting the delay was widely anticipated.