‍SEC Delays PENGU and T. Rowe Crypto ETFs, Opens Public Comment on Grayscale Options The U.S. Securities and Exchange Commission (SEC) has extended its decision timeline for the Canary Pudgy Penguins (PENGU) ETF and the T. Rowe Price Active Crypto ETF. This delay, part of the 19b-4 process, allows for further evaluation of market manipulation and investor protection risks associated with NFT-adjacent and actively managed multi-asset crypto products. Concurrently, NYSE American's proposal to list standardized options on the Grayscale CoinDesk Crypto 5 ETF has entered a public comment phase. This move could introduce significant hedging and leverage tools for investors in the U.S. crypto derivatives market, currently dominated by single-asset products. The SEC's actions underscore a focus on investor protection amid increasing demand for diverse crypto investment vehicles.

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SEC Delays PENGU and T. Rowe Crypto ETFs as Grayscale Eyes Options

The United States Securities and Exchange Commission (SEC) has officially extended its decision timeline for two innovative cryptocurrency exchange...