SEC Extends Decision Deadline for Crypto ETFs, Opens Public Comment on Third Fund

According to ChainCatcher, the U.S. Securities and Exchange Commission (SEC) has extended the decision period for two cryptocurrency-related exchange-traded funds (ETFs) and opened public comments on a third crypto fund option. The SEC announced in the Federal Register that it will prolong the consideration of proposals to list the Canary Pudgy Penguins (PENGU) ETF on Cboe BZX and the T. Rowe Price Active Crypto ETF on NYSE Arca. Both applications follow the SEC's standard 19b-4 process, which allows the regulatory body to extend the initial decision window by up to 45 days.