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.
SEC Acknowledges Staked TRX ETF Filing, Delays Others Yesterday, the SEC acknowledged Cboe’s 19b-4 filing for Canary Capital’s staked Tron (TRX) ETF, while delaying decisions on several other crypto ETFs, including spot XRP ETFs from Bitwise and CoinShares, a spot Litecoin ETF https://t.co/A02ssUuFzE
SEC DELAYS DECISION ON FIDELITY'S PROPOSAL TO ALLOW IN-KIND REDEMPTIONS FOR ITS $BTC & $ETH ETFS
U.S. SEC DELAYS DECISION ON IN-KIND REDEMPTIONS FOR FIDELITY'S $BTC ETF