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

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

The SEC prolonged its evaluation of the Grayscale Solana Belief to guage whether or not the itemizing meets investor safety requirements and market integrity necessities. If authorized, 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 underneath the Securities Change Act. Each Solana and Litecoin filings now face prolonged timelines because the company continues its evaluation.

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 assist in-kind redemptions, which means licensed contributors might create or redeem shares utilizing Bitcoin instantly relatively than money. The SEC initially authorized the fund in January with a cash-only redemption mechanism.

The 21Shares Dogecoin ETF has additionally entered its public remark part following a submitting to checklist underneath 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 supply Dogecoin publicity by way of conventional brokerage accounts.

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

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