The U.S. Securities and Exchange Commission (SEC) has extended its deadline for deciding on Franklin's Ethereum spot ETF with staking features to November 13, 2025, highlighting ongoing regulatory challenges for crypto ETFs.
Regulatory Delays and Their Impact
The SEC's postponement regarding Franklin's ETF occurs amidst evaluations of several crypto ETFs, especially those with staking features. Companies like 21Shares and Grayscale are facing similar delays, emphasizing regulatory caution. The extended timeline is part of a broader strategy to resolve crypto-related regulatory issues.
Ethereum Market Amid Delays
As per CoinMarketCap data, Ethereum (ETH) is currently priced at $4,374.51, with a market capitalization of $528,024,163,498. The cryptocurrency holds a 13.38% market dominance. In the past 24 hours, trading volume reached $39,172,950,851, with a change of 29.94%. ETH prices shifted by 1.39% over 24 hours, while the 90-day changes reached 75.64%.
Industry Reaction to Regulatory Changes
The industry's reaction to the delays is mixed, with experts emphasizing the importance of clear regulatory frameworks. Gary Gensler, SEC Chair, stated: "The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein." Investors continue to acquire significant amounts of Ethereum, signaling confidence in the market prospects.
Ongoing delays in the SEC's decision-making may influence the level of ETH accumulation among institutional investors and the future evolution of staking-based products, reaffirming the need for alignment of strategies with evolving regulatory standards.
