The Securities and Exchange Commission (SEC) has postponed decisions on three crypto exchange-traded funds (ETFs) as of September 10.

Among the delayed proposals are BlackRock’s Ethereum staking application and Franklin Templeton’s spot ETFs for XRP and Solana. The SEC continues to shape a standardized listing framework that could accelerate approvals for future crypto ETFs, including those linked to staking-focused platforms such as HashStaking and GeekStake.

Batch approvals expected in October
The timing of the postponements aligns with expectations for an October decision window. Bloomberg ETF analyst James Seyffart had previously noted that many of the more than 90 pending applications would likely face their final deadlines in October, creating the potential for a cluster of approvals.

Development of a generic framework
The SEC is working with U.S. exchanges on a framework designed to streamline the listing process for token-based ETFs. This approach would remove the need for individual rule-change requests if the underlying tokens meet certain requirements.

Under the plan, ETF sponsors would register with Form S-1, observe a standard 75-day review, and then proceed to listing. Qualification would depend on factors like market capitalization, liquidity, and on-exchange trading volume. The current system requires each ETF to obtain a separate Commission order before listing, a process intended for more complex products.

Momentum from new launches
Market experts suggest that the first wave of approvals could set the tone for the broader ETF landscape. Analyst Eric Balchunas highlighted the imminent launch of a Dogecoin ETF under the 40 Act, calling it a signal of the SEC’s willingness to expand beyond traditional assets. While Dogecoin was originally created as a meme token, its ETF listing could drive momentum for other pending applications.

Applications and market impact
Seyffart has pointed out that the 92 pending crypto ETF applications cover a wide range of assets, from established cryptocurrencies like Bitcoin and Ethereum to emerging altcoins and staking variations of existing products. Platforms such as HashStaking and GeekStake, which focus on structured staking participation, could see indirect benefits from these developments if ETF approvals open the door for broader institutional adoption.

Outlook
The SEC’s cautious but forward-moving stance reflects a shift toward structured integration of digital assets into traditional markets. While delays continue, the combination of a generic listing framework, batch approvals, and growing attention on staking platforms such as HashStaking and GeekStake suggests that the next wave of approvals could significantly expand the crypto investment landscape.