SEC ETF Freeze strikes Solana, XRP and Bitcoin: What happens after that? star-news.press/wp

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American SEC has delayed decisions on many major Crypto ETF suggestions, including those associated with Bitcoin, Ethereum, Solana and XRP. This step is a sign of caution when it comes to Altcoins.

American SEC takes more time to decide on many investment funds circulating in encryption.

Yesterday, the agency was delayed by decisions related to bitcoin products (BTC), ETHEREM (ETH), Solana (Sol) and Ripple (XRP), including the Social Social.

Although such delays are not unusual, the increasing number of Crypto ETF files shows the speed of the market development, and how the organizers try to keep up with it.

This is what happened

SEC Pause On three main ETF encryption applications.

These include Bitcoin’s Bitcoin and Ethereum ETF, new Solana products from 21shares and BitWise, and proposed XRP confidence from 21shares.

The agency has now set up new deadlines: October 8 for The Truth Social ETF, 16 October for Solana Etfs, and 19 October for XRP TRUST.

Source: secret.gov

These circulating investment funds allow investors to gain direct exposure to encryption assets such as Bitcoin, ETHER, Solana and XRP without already keeping them.

While the Truth Social sign adds a political flavor to this mix, the ETF structure is normative.

It is generally agreed that organizers often take the maximum time allowed to assess such proposals. An example of this, to you X post From Crypto and ETF expert James Sevart,

It usually takes SEC * * full time to respond to the 19B-4 file. Almost all these deposits have final entitlement dates in October. Early decisions would be the non -standard procedure. Regardless of how this “friend of encryption” is …

Why does it delay Etf SEC?

SEC timing dates on a wave of Crypto ETF applications throughout the year.

Again in March, it is delay Decisions related to the products associated with XRP, Litecoin (LTC) and Dogecoin (Doge).

Meanwhile, ETFS Solana and XRP are still seeking to get this first approval at all. These delays are a clear sign of how the Supreme Education Council warned, especially when it comes to altcoins.

On the other hand, it also shows the increasing demand for more investment products in the regulatory markets.

The biggest picture

ETF delay maintains the broader encryption market.

October can bring approvals, or another round of waiting. Currently, the United States has many investment funds circulating in Bitcoin and Ethereum, led by Blackrock’s ISHARES Bitcoin Trust, which has more than $ 87 billion of assets.

Source: CoinmarketCap

If Etfs Solana or XRP gets green light, it can expand the investor accession and may raise the demand for the distinctive symbol.

But at the present time, all we can do is wait.