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

According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has extended the decision deadline for two cryptocurrency-related exchange-traded funds (ETFs) while opening public commentary on a third cryptocurrency fund option.

The SEC stated in a notice in the Federal Register that it will extend the consideration of proposals to 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 applications follow the SEC's standard 19b-4 process, allowing the regulator to extend the initial decision window by up to 45 days.