The U.S. Securities and Exchange Commission has extended its review of Franklin Templeton’s proposed spot Ethereum ETF, which includes a staking component—adding to the growing list of delayed rulings on crypto-related funds.
Filed via the Cboe BZX Exchange, the proposal initially did not feature staking but was later amended to include it, prompting additional scrutiny from regulators.
The delay gives the SEC more time to evaluate how staking aligns with federal securities laws and the Investment Company Act.
This move follows similar postponements for other staking-enabled Ethereum ETFs from Grayscale, Bitwise, and 21Shares.
Grayscale’s decision was initially expected in early June but has been pushed into July, while Bitwise received a 45-day extension, moving its new deadline to July 6.
The SEC’s continued hesitation signals broader regulatory uncertainty surrounding staking mechanisms in publicly traded crypto funds.
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