#AltcoinETFsPostponed
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The delay in the approval of exchange-traded funds for Altcoins has shocked both investors and analysts alike. The decision by the U.S. Securities and Exchange Commission (SEC) not to give the green light yet means that the market will remain under pressure of anticipation and volatility for a longer period. This delay has weakened risk appetite in the market, which was clearly evident in the ETH/USD pair, as Ethereum declined against the dollar due to reduced expectations of significant institutional money entering soon.
Many hoped that the approval would be a step towards market maturity and rising prices, but the delay increases the regulatory uncertainty that hinders wider adoption of digital currencies.
Monitor the markets, as regulatory decisions have become a key driver of cryptocurrency movements.