The US Securities and Exchange Commission (SEC) has postponed its decision on Bitwise’s application to enhance its Ether exchange-traded fund (ETF) to include staking, as well as Grayscale’s proposed XRP ETF. This delay was anticipated, as the SEC announced on May 20 that it required an additional 45 days to evaluate the proposed rule changes and associated issues. The agency's deadline for these decisions was originally set for May 22. Alongside the Ether and XRP filings, the SEC is also considering public comments regarding other filings, including Bitwise’s Solana tracking fund. Bloomberg ETF analyst James Seyffart stated that such delays are common, noting that almost all pending filings have final due dates in October. Seyffart also indicated that the SEC is likely to delay decisions on other spot crypto ETFs as well, though he believes the Litecoin ETF has a better chance of receiving approval sooner than others. The SEC's cautious approach comes in the context of recent regulatory actions under the previous leadership, with expectations now being set for a more crypto-friendly stance following changes in the commission's governance.

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