SEC Puts BlackRock Bitcoin ETF on Hold Amid Mounting Market Tension

By: cryptosheadlines|2025/05/14 22:00:12
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The U.S. Securities and Exchange Commission (SEC) extended its review period for several high-profile cryptocurrency exchange-traded fund (ETF) applications. These include proposals from BlackRock, Grayscale, and 21Shares, which are now subject to longer evaluation timelines. The delays come amid growing investor interest and public feedback, affecting a range of crypto assets.SEC Delays Grayscale’s Solana and Litecoin ETF ApplicationsThe SEC has ruled on Grayscale’s proposed spot, so Solana (SOL) and Litecoin (LTC) ETFs are on hold. The agency pushed the deadlines for reviewing such applications to August 11th and October 10th, respectively. This move follows its review procedure, which consists of several windows of delay before any final ruling.Grayscale filed these filings this year as part of its overall ETF plan that targets leading cryptocurrencies. The delay from the SEC allows for more study and public responses to both proposals. This step is in keeping with its practice of the maximal use of the periods of statutory review prior to the final approvals.SEC Delays Grayscale’s Solana and Litecoin ETF ApplicationsNo definitive conclusion will be decided soon, but the time given points toward concluding sometime in 2025. Grayscale’s filings are under review, but the SEC has not signaled preliminary approval. Investors and other stakeholders will now be keen to see how the process will progress after being prolonged to the next review phases.SEC Postpones BlackRock’s In-Kind Redemption RequestThe SEC also delayed action on BlackRock’s request to modify redemption mechanisms for its approved spot Bitcoin ETF. The firm had requested permission to offer in-kind redemptions rather than cash-based transactions. However, the SEC has not announced a new deadline for this request.BlackRock introduced this proposal to improve institutional investors’ liquidity and efficiency. While the fund is already approved, changes to its technical operations require additional SEC review. The delay reflects the agency’s cautious approach to structural adjustments within approved ETF products.Public comments and internal consultations are part of the reason behind this deferral. The SEC continues to meet with stakeholders while evaluating the implications of in-kind redemptions. BlackRock remains engaged with the agency and has not withdrawn its request amid the delay.SEC Begins Review for 21Shares Dogecoin ETFThe SEC has officially acknowledged the 19b-4 filing for a 21Shares spot Dogecoin (DOGE) ETF. This starts the statutory review under which a decision must be made within a specified timeframe. The filing marks the agency’s beginning to consider this new crypto-linked product.SEC Begins Review for 21Shares Dogecoin ETFUnlike the delayed applications for Grayscale and BlackRock, the 21Shares filing has just entered its initial review stage. This allows the SEC to begin gathering comments and conducting its internal analysis. The timeline now follows statutory intervals that could extend through the remainder of the year.The DOGE ETF filing indicates rising interest in expanding retail-accessible crypto investment options. The SEC’s early acknowledgment shows procedural readiness, though no decision has yet been made. Stakeholders now await whether the agency will continue its pattern of delays or move toward approval.FAQsWhy did the SEC delay BlackRock’s ETF decision?The SEC delayed BlackRock’s in-kind redemption request to allow further internal reviews and gather public feedback.What is the new deadline for Grayscale’s Solana ETF?Following the SEC’s timeline extension, Grayscale’s Solana ETF deadline is now August 11, 2025.Has the SEC given any signal of approval?No, the SEC has not indicated any decision or support for approval on these applications yet.What is the focus of BlackRock’s ETF modification?BlackRock aims to enable in-kind redemptions to enhance the operational efficiency of its Bitcoin ETF.When will the 21Shares Dogecoin ETF decision be made?The SEC has just acknowledged the filing, so the decision will follow the full statutory review timeline.Glossary of Key TermsBlackRock – A global asset manager that operates one of the world’s largest investment funds, including crypto ETFs.ETF (Exchange-Traded Fund) – A market-traded investment product that tracks the performance of specific assets or indices.SEC (U.S. Securities and Exchange Commission) – The federal agency regulating securities markets in the United States.19b-4 Filing – A formal proposal submitted to the SEC to amend exchange rules, often used for ETF applications.In-Kind Redemption – A process where ETF shares are exchanged for actual assets rather than cash, used to reduce tax and trading costs.Reference:SEC.govListingcenter.nasdaqCryptotimesSource link

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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