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May 23, 02:37 AM
SEC Delays Fidelity Bitcoin, Ethereum, Bitwise XRP, CoinShares Litecoin ETFs; Acknowledges Canary Capital’s Staked TRX ETF on Cboe BZX
Markets
Regulation
Crypto

SEC Delays Fidelity Bitcoin, Ethereum, Bitwise XRP, CoinShares Litecoin ETFs; Acknowledges Canary Capital’s Staked TRX ETF on Cboe BZX

Authors
  • Cointelegraph
  • BSCN
  • The Wolf Of All Streets
14

The U.S. Securities and Exchange Commission (SEC) has postponed decisions on several cryptocurrency exchange-traded fund (ETF) applications, including Fidelity's spot Bitcoin and Ethereum ETFs with in-kind redemption features, Bitwise and CoinShares' spot XRP ETFs, and the CoinShares Litecoin ETF. These delays extend the regulatory uncertainty surrounding various crypto investment products. In contrast, the SEC has officially acknowledged Canary Capital's filing for a staked Tron (TRX) ETF, a proposed fund offering exposure to staking yields on the Tron blockchain. This acknowledgment, published as a notice by the SEC and facilitated through the Cboe BZX Exchange, marks a notable development in institutional interest toward staking-based crypto funds.

Written with ChatGPT (GPT-4).

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