SEC delays PENGU and T. Rowe crypto ETFs as Grayscale seeks options green light
The SEC delayed decisions on two crypto ETFs and opened public comments on options tied to a Grayscale multi-asset crypto fund.
The US Securities and Exchange Commission (SEC) extended its decision deadline on two crypto-related exchange-traded funds (ETFs), while opening a comment window on options tied to a third in three separate filing decisions released Monday.
In separate Federal Register notices, the SEC designated a longer period to consider proposed rule changes that would allow the listing of the Canary Pudgy Penguins (PENGU) ETF on Cboe BZX and the T. Rowe Price Active Crypto ETF on NYSE Arca.
Both filings fall under the SEC’s standard 19b‑4 process, which lets it extend the initial decision window by up to 45 days while it evaluates market structure, investor protection and manipulation concerns.