US SEC delays decision on PENGU and T. Rowe crypto ETFs

ChainCatcher reports that, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has extended the decision deadlines for two crypto-related exchange-traded funds (ETFs), while also opening public comments on a third crypto fund option.

The SEC stated in a Federal Register notice that it will extend the consideration period for 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 regulator to extend the initial decision window by up to 45 days.