#AltcoinETFsPostponed
Hi, guys!๐๐
Recently there was bump up of some alternative coins or simply altcoins, in particular for XRP.
The reason for that bump up was formation of according exchange-traded funds or ETF-s for which the whitepapers was submited to the SEC-the United States Securities and Exchange Commission. For example, XRPH11 for XRP which brings to rise up of XRP.
And now it has been announced that the SEC has delayed five crypto ETF proposals.
The postponements cite a need for further review and public feedback.
Is the SEC being thorough or does this postponement reflect the hesitation toward alternative coins, so called altcoins?
Time is need to understand that.
By the way the delayed five crypto ETF proposals for XRP, DOGE and ETH. The firms are Blackrock, Grayscale, Bitwise, Ethereum Mini Trust and Franklin Spot XRP ETF.
How this will affect on these crypto assets' price and when will be final decision about these ETF-s and, finally, is it good to have a such ETF-s which will deal with a lot of investors including money of pensioners? Who will care about and ensure the security of those assets and emotional stability of old people invested in crypto ETF-s? Is it time to call the BEE-KEEPER, former TRANSPORTER who served as a MECHANIC at some time? Who knows?
Good luck!๐๐