The Securities and Exchange Commission (SEC) surprised the market with a series of postponements regarding its decision on several altcoin spot ETF applications. While these delays may have come as a surprise to many in light of the recent shift towards crypto-friendly regulations under the new SEC administration, analysts at Bloomberg remain optimistic that approvals for these ETFs will ultimately be granted. [1] The SEC’s recent announcements include:
– Delay of Franklin’s Solana spot ETF
– Delay on Grayscale’s Hedera spot ETF
– Postponement of Fidelity’s Ethereum spot ETF staking decision.
– Delay in the approval of Franklin’s XRP spot ETF
– Bitwise’s application for a Dogecoin spot ETF being postponed.
*This is not investment advice.*