SEC Delays Decision on Cryptocurrency ETFs, Impacting Future Investment Options

The U.S. Securities and Exchange Commission (SEC) is facing increasing pressure to expedite its decisions regarding spot cryptocurrency exchange-traded funds (ETFs). Notably, the SEC has delayed key approvals for ETF products linked to Bitcoin and Ethereum, including those proposed by WisdomTree and VanEck, as well as Grayscale’s staking proposal for Ethereum Trust products. This delay impacts several crucial aspects of cryptocurrency investment.