JUST IN: SEC Delays PENGU & T. Rowe Price Crypto ETFs
The U.S. Securities and Exchange Commission has extended its decision deadline on two crypto ETFs:
1๏ธโฃ Canary
#PENGUETF : Would hold both Pudgy Penguins NFTs and
$PENGU tokens. One of the most unique crypto ETF proposals ever filed.
2๏ธโฃ T. Rowe Price Active Crypto ETF: Actively managed fund covering top 10 crypto assets including BTC, ETH, SOL, XRP, ADA, DOGE, LINK & more.
The SEC cited need for more time to evaluate market structure, investor protection, and manipulation concerns. Under the 19b-4 process, both ETFs get an additional 45 days for review.
These delays don't mean rejection, just more evaluation time for products beyond standard BTC/ETH exposure.
Meanwhile, NYSE American has filed to list options on the Grayscale CoinDesk Crypto 5 ETF (BTC, ETH, XRP, SOL, ADA), now open for public comments.
#CryptoNews #CryptoPatel #pengu