Latest News: US SEC Delays Bitcoin and Ethereum ETF Decision, What’s the Impact?

Updated

April 16, 2025

Gambar Latest News: US SEC Delays Bitcoin and Ethereum ETF Decision, What’s the Impact?

Jakarta, Pintu News – Global financial markets are again awaiting a decision from the United States Securities and Exchange Commission (SEC) regarding several important proposals related to cryptocurrency-based financial products.

This decision is highly anticipated as it will determine the future direction of cryptocurrency investment in the United States.

Check out the full news below!

Delay by the SEC: Impact on Bitcoin and Ethereum ETFs

🚨NEW: The @SECGov is delaying until June 3rd its decision to allow for @WisdomTreeFunds and @vaneck_us to do in-kind creations and redemptions for their $BTC and $ETH spot ETFs.

In-kind means you exchange the underlying assets (like Bitcoin and Ethereum) directly, instead of… pic.twitter.com/0wTpWHbEmH
— Eleanor Terrett (@EleanorTerrett) April 14, 2025

The United States Securities and Exchange Commission (SEC) recently announced a delay in deciding on VanEck and WisdomTree’s application to create an Exchange-Traded Fund (ETF) product for Bitcoin and Ethereum with an In-Kind model.

The In-Kind model allows shareholders to exchange their crypto assets directly without having to convert them into cash first. This delay affects Bitcoin (BTC) and Ethereum (ETH) and also impacts ETF proposals for other cryptocurrencies such as Ripple , Solana , Dogecoin , and Litecoin (LTC).

The SEC has set June 3 as the deadline for a decision on the In-Kind model. This decision is expected to help maintain liquidity and price stability.

Also read: Bitcoin (BTC) Poised to Surge to $90,000, Is This the Start of a New Bullishness?

Grayscale and Staking Innovations in Ethereum ETFs

Grayscale, one of the leading investment firms, has submitted a proposal to allow staking in its Ethereum (ETH) ETF product. Staking is the process by which holders of digital assets can earn rewards by helping the operation of blockchain networks.

If approved, this proposal will allow Grayscale to generate passive rewards from staking without disturbing investor funds. Under the Securities Exchange Act of 1934, the SEC has exercised its right to extend the time for consideration by another 90 days, which means the final decision will be delayed until July 2025.

This suggests that the SEC still needs more time to consider the risks and benefits associated with staking in ETF structures, an unprecedented move in the United States.

Also read: XRP Price Prediction April 16, 2025: Can XRP Price Soar After SEC Case?

New SEC Chairman and Crypto Market Expectations

Paul Atkins, who was just confirmed as SEC Chairman on April 9, brought fresh air to the crypto market. Known as a supporter of market innovation, Atkins has often criticized strict regulation in the past. The crypto market hopes that with his leadership, the SEC will faster review crypto fund applications.

Although an immediate decision may be unlikely, many expect that under Atkins’ leadership, the SEC will reach several decisions simultaneously in the next few months. These include decisions for ETFs involving Ripple (XRP), Solana (SOL), and Dogecoin (DOGE).

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*Disclaimer

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