SEC Delays Decision on Bitcoin and Ethereum ETFs, Impacting Crypto Markets

The Securities and Exchange Commission (SEC) has pushed back its decision on approving Bitcoin and Ethereum exchange-traded funds (ETFs), impacting market sentiment and investor strategies. The postponement until June 2025 will delay the integration of cryptocurrencies into traditional finance, as asset managers VanEck and WisdomTree continue their pursuit of these ETFs. The SEC is evaluating the proposed in-kind ETF mechanism, which avoids cash conversion, to enhance liquidity and mitigate taxable events for institutional investors who are waiting for approval.