PANews, July 23 news, according to The Block report, 21Shares, Fidelity, Franklin Templeton, Galaxy, VanEck, and WisdomTree all submitted revised proposals to the U.S. SEC on Tuesday, requesting permission to allow their Spot Bitcoin and Ethereum ETFs, as well as future Crypto Assets ETFs, to adopt a physical subscription and redemption mechanism. Analysts believe this move indicates that the SEC's attitude towards the approval of Crypto Assets ETFs is turning positive. Bloomberg ETF analyst James

Gate News bot reported that Catriona Kellas, the Head of International Legal Projects at Franklin Templeton, stated at the DigiAssets 2025 conference that the EU could potentially become a "flyover zone" for Crypto Assets between the US and Asia due to the legislative pace lagging behind that of the US and Asia. "This technology does carry risks, and jurisdictions that may have been at the forefront a few years ago can easily fall behind if the legislative process takes too long," she said, noting that "other jurisdictions" have adopted more flexible policies in the Crypto Assets space. She indicated that the European Commission seems to have recognized this, recalling a recent conversation where "they mentioned a word I had never heard before, which is 'competition'." "They certainly asked the right questions," Kellas added, stating that the rumors surrounding "MiCA 2" (the updated version of the Markets in Crypto Assets regulation) are "far from rumors", with the legislation set to take effect in June 2023. "It may be coming soon," she added.

Golden Finance reports that the SEC has delayed its decision on the staking options for the Franklin Spot Ether ETF.