#AltcoinETFsPostponed

According to recent analysis, the U.S. Securities and Exchange Commission (SEC) is likely to issue rulings on the majority of pending Altcoin ETF applications around or shortly after October. This timeline comes from Bloomberg ETF analyst James Seyffart, a respected voice in the financial markets and crypto space.

Seyffart noted that delays in these applications were largely anticipated. He pointed out that the final regulatory deadlines for many of the applications currently under review fall specifically in or after October. While this provides a potential timeframe, he also cautioned that further extensions by the SEC remain a distinct possibility, a common practice in complex financial product reviews.

This update follows the SEC’s decision on April 29th to delay decisions on several other crypto ETF applications, reinforcing the regulator’s cautious approach to the burgeoning digital asset market.