SEC delays Solana and Litecoin ETFs as Dogecoin and BlackRock proposals enter public comment

Key Takeaways

The SEC delayed its choice on Grayscale’s Solana ETF to evaluate compliance with investor safety and market integrity requirements.
Public remark durations have opened for BlackRock’s Bitcoin ETF redemption mannequin and the 21Shares Dogecoin ETF.

The US Securities and Change Fee delayed its choice on Grayscale’s Solana ETF in the present day, whereas opening public remark durations for BlackRock’s Bitcoin ETF redemption mannequin and the 21Shares Dogecoin ETF.

The SEC prolonged its overview of the Grayscale Solana Belief to judge whether or not the itemizing meets investor safety requirements and market integrity necessities. If accepted, the belief would maintain SOL and commerce on NYSE Arca.

It additionally delayed a choice on the Grayscale Litecoin Belief, instituting proceedings to additional assess whether or not the itemizing aligns with necessities beneath the Securities Change Act. Each Solana and Litecoin filings now face prolonged timelines because the company continues its overview.

In the meantime, Nasdaq’s submitting to amend BlackRock’s iShares Bitcoin Belief is now open for public remark.

The proposed change would enable the fund to help in-kind redemptions, which means approved individuals might create or redeem shares utilizing Bitcoin immediately slightly than money. The SEC initially accepted the fund in January with a cash-only redemption mechanism.

The 21Shares Dogecoin ETF has additionally entered its public remark section following a submitting to checklist beneath Nasdaq Rule 5711(d), which covers commodity-based belief shares.

The ETF plans to trace DOGE costs utilizing a CF Benchmarks index and goals to offer Dogecoin publicity by means of conventional brokerage accounts.

The SEC’s current actions come because the company reassesses crypto product listings beneath new Chair Paul Atkins. The fee has dismissed a number of enforcement instances and elevated public engagement by means of crypto-focused roundtables since President Trump took workplace.