The U.S. Securities and Exchange Commission (SEC) has announced a delay in making decisions regarding staking for the Ethereum-ETF from Grayscale Investments, as well as the natural redemption of shares in the VanEck and WisdomTree funds. The regulator indicated the need for additional time to analyze these important cases, with new deadlines expected in early June 2025.
This is reported by Business • Media
Details of the SEC Decision
The SEC is reviewing several products that fall under this delay:
- Grayscale Ethereum Trust ETF;
- Grayscale Ethereum Mini Trust ETF;
- VanEck Bitcoin Trust;
- VanEck Ethereum Trust;
- WisdomTree Bitcoin Fund.
It is worth noting that earlier, in mid-March 2025, the SEC postponed the review of several applications for launching altcoin-based funds, as well as changes to the structure of some existing products. The request to implement staking in two ETFs from Grayscale was submitted to the NYSE Arca exchange in mid-February 2025, and its review began at the end of that month. Initially, the SEC was supposed to respond by April 17, but the deadline was moved to June 1.
Expert Comments
Applications for changes in the issuance and redemption of shares for the VanEck and WisdomTree funds were also submitted during the same period, with a subsequent deadline of June 3. In the SEC release, it was noted that the regulator needs more time to analyze the proposed changes. After the postponement of the review of applications for launching altcoin-based ETFs, Bloomberg Intelligence analyst James Seyffart emphasized that this is a normal process and predicts changes following the appointment of the new Commission Chair, Paul Atkins, whose nomination was confirmed on April 9, 2025.