SEC Extends PENGU And T. Rowe ETF Decisions, Opens Comment on Grayscale
The SEC delayed decisions on the PENGU and T. Rowe crypto ETFs and opened a comment period for Grayscale's proposed options trading.Summary
The US Securities and Exchange Commission (SEC) extended its decision deadlines for two crypto-related exchange-traded funds (ETFs): the Canary Pudgy Penguins (PENGU) ETF, which tracks an NFT collection, and the T. Rowe Price Active Crypto ETF, an actively managed fund covering diverse digital assets beyond Bitcoin and Ether. These extensions under the 19b‑4 process indicate the SEC needs more time to evaluate market structure and investor protection concerns for these unconventional products. Concurrently, the SEC opened the public comment phase for a proposed rule change allowing standardized options trading on Grayscale's CoinDesk Crypto 5 ETF, which tracks five large-cap digital assets, potentially adding new leverage and hedging tools to the crypto derivatives market.
(Source：Cointelegraph)