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.
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