Summary
- James Seyffart, a Bloomberg analyst, reported that the SEC's review of virtual asset spot ETFs might be delayed.
- He mentioned that the possibility of early approval for the altcoin spot ETF is around late June to early July.
- He added that the realistic approval time is likely to be early in the fourth quarter of this year.
James Seyffart, a Bloomberg analyst, stated on the 20th (local time) via X (formerly Twitter) that "the U.S. Securities and Exchange Commission's (SEC) review of several virtual asset (cryptocurrency) spot exchange-traded funds (ETFs) seems to be somewhat delayed," and "if the SEC approves the altcoin spot exchange-traded fund (ETF) early, it could be around late June to early July."
He added, "However, the realistic approval time is likely to be early in the fourth quarter of this year."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
