SEC Delays Decisions on Spot Crypto ETF Features, Fueling Uncertainty

The U.S. Securities and Exchange Commission (SEC) has put a hold on its decision regarding two crucial features for cryptocurrency exchange-traded funds (ETFs). WisdomTree and VanEck’s proposed in-kind redemption (asset exchange redemption) for Bitcoin and Ethereum funds, as well as Grayscale’s request to incorporate staking features into their Ethereum Trust products, are facing delays. The SEC is expected to announce its decision on the in-kind redemption of Bitwise and WisdomTree products by June 3, while a decision on Grayscale’s proposal for staking is anticipated by June 1st.