Summary
- The US Securities and Exchange Commission (SEC) announced that it has delayed the review of altcoin Exchange-Traded Funds (ETFs) such as XRP and Solana (SOL).
- The SEC stated that the review deadline for 21Shares' XRP ETF, submitted by NYSE Arca, has been extended to October 19, while the deadline for 21Shares and Bitwise's Solana ETF has been extended to October 16.
- An ETF analyst explained that the final review deadlines for altcoin ETFs were clustered in October, and this delay was an expected measure.
The Securities and Exchange Commission (SEC) has postponed its review of Exchange-Traded Funds (ETFs) for altcoins such as XRP and Solana (SOL).
According to Cointelegraph, a cryptocurrency-focused media outlet, on the 19th (Korea Standard Time), the SEC announced in a statement that the deadline for reviewing 21Shares' XRP ETF, which was filed by NYSE Arca, has been extended to October 19, while the deadline for reviewing 21Shares and Bitwise's Solana ETFs has been extended to October 16.
James Seyffart, a Bloomberg ETF analyst, explained, “The SEC often uses the full review period for applications submitted under Rule 19b-4,” adding, “Since most of the final deadlines for altcoin ETFs were concentrated in October, this delay was an expected step.”
Previously, the SEC had also decided to postpone its review of Bitcoin (BTC) and Ethereum (ETH) ETFs filed by Truth Social.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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