The president of ETF Store, Nate Geraci, recently pointed out that the U.S. Securities and Exchange Commission (SEC) has postponed its approval decisions on several cryptocurrency ETF applications, including products such as Franklin's SOL/XRP ETF, Grayscale's HBAR ETF, Bitwise's DOGE ETF, and the Ethereum ETF staking proposal submitted jointly by Franklin and Fidelity. Additionally, the physical redemption mechanism of Invesco Galaxy Bitcoin/Ethereum ETF and other projects like Franklin's cryptocurrency comprehensive ETF are also on the postponement list.
Despite the slowdown in the approval pace, Geraci remains optimistic, believing that the aforementioned products are expected to be approved one after another within the year. He emphasized that the regulatory demand for a refined compliance framework for crypto assets may be the main reason for the delay, but the market's demand for innovation and institutional participation enthusiasm will continue to drive the launch of ETF products.
