Editor's PiCK
US SEC Delays Approval Decision on Numerous Cryptocurrency Spot ETFs… "Possibility of Approval Within the Year Remains"
Summary
- The US SEC delayed the approval decision on several cryptocurrency spot ETFs, but the possibility of approval within the year remains high.
- Major cryptocurrency ETFs from Franklin Templeton, Grayscale, and Bitwise were included in the delay.
- Decisions related to Ethereum and Bitcoin ETFs from Franklin Templeton, Fidelity, Invesco, and Galaxy were also postponed.
The United States Securities and Exchange Commission (SEC) delayed the approval decision on major cryptocurrency ETFs on the 23rd (local time), but there are still prospects for approval within the year.
On the 30th (local time), Nate Geraci, CEO of the ETF Store, stated on X, "Today, the SEC delayed the approval decision on several cryptocurrency spot ETFs. However, the possibility of approval for these ETFs within the year remains high."
The SEC's delayed approval decision includes Franklin Templeton's Solana (SOL) and Ripple (XRP) spot ETFs, Grayscale's Hedera (HBAR) spot ETF, and Bitwise's Dogecoin (DOGE) spot ETF.
Additionally, the SEC has also postponed decisions on whether to allow staking for Franklin Templeton and Fidelity's Ethereum (ETH) spot ETFs and on the spot creation and redemption methods for Invesco and Galaxy's Bitcoin (BTC) and Ethereum ETFs.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
