This evening, the SEC delayed its decision on a number of altcoin spot ETFs. While these decisions may come as a surprise to some coming from the SEC, which now has a crypto-friendly administration, Bloomberg analysts believe that despite the delays, many altcoin ETFs will eventually be approved.
The decisions announced by the SEC this evening were as follows:
- SEC delays approval of Franklin's spot Solana ETF.
- SEC delays decision on Grayscale's spot Hedera ETF.
- The SEC has postponed its decision on staking for Fidelity's spot Ethereum ETF.
- SEC postpones decision on Franklin spot XRP ETF
- The SEC has delayed Bitwise's application for a Dogecoin Spot ETF.
*This is not investment advice.
