The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on Van Eck’s plan to launch a Spot Avalanche (AVAX) Exchange-Traded Fund (ETF). This follows Grayscale’s AVAX ETF facing similar challenges, highlighting a broader trend of the SEC taking time to review crypto investments products. 🎧 This news is causing uncertainty for investors and companies in the cryptocurrency space. 🌎 The VanEck Avalanche ETF remains under review after their proposal to create a Spot Avalanche ETF that allows investors to buy AVAX without directly owning it. However, instead of an immediate decision, the SEC has chosen to extend its review process, which is common with crypto ETFs. 📈 This delay comes after Grayscale’s application for a Spot Avalanche ETF was also rejected in May. 🤨 The SEC now has until July 15, 2025, to make a decision on that proposal. ⏳ The SEC remains cautious about crypto ETFs, especially those based on alternative cryptocurrencies like Avalanche, known as altcoins. **A recent drop in the price of AVAX, reflecting investor uncertainty after the news. ** 📉 The price of Avalanche (AVAX) decreased by 3.57% in the last 24 hours, trading at $21.08 according to CoinMarketCap data. The SEC’s delay has added to concerns and doubts about the future of crypto ETFs in the U.S. . Investors were hopeful that a spot ETF would increase AVAX’s value and adoption but are now uncertain about the next steps. 🤝 The SEC states it needs more time to study these proposals carefully, particularly to ensure investor protection from risks like price manipulation or lack of regulation in crypto markets. 🛡️ It is important to note that while spot ETFs can be riskier due to their direct correlation with a cryptocurrency’s live price, many experts and companies argue the U.S. is lagging behind other countries such as Brazil and others who have already approved XRP and Solana ETFs. Meanwhile, U.S. investors are waiting for approval on crypto ETFs to gain broader access. 🌎 The SEC hasn’t set a new date yet, but it’s expected that there will be further delay before making the final call. The next significant event is July 15, 2025, when the SEC will make a decision about Grayscale’s application. This may also impact the outcome of VanEck’s proposal.