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US SEC delays decision on PENGU and T. Rowe crypto ETFs
On January 12, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) extended the decision deadline for two crypto-related exchange-traded funds (ETFs), while opening public comment on a third crypto fund option.
The SEC stated in a Federal Register notice that it will extend consideration of proposals to list 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.