#ETHETFsApproved
It seems that the U.S. Securities and Exchange Commission (SEC) is still slow to move forward with cryptocurrency exchange-traded fund (ETF) applications, despite the appointment of Paul Atkins as head of the regulatory body. As of today, the ETFs for Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE) remain pending with the commission.
The SEC has postponed decisions on the Solana, Litecoin, and Dogecoin ETFs, extending the waiting period for these cryptocurrencies.
Despite the approval of Bitcoin and Ethereum exchange-traded funds, the SEC continues to delay proposals for their new ETFs.
Since the SEC approved the cash ETFs for Bitcoin (BTC) and Ethereum (ETH) last year, no new cryptocurrency has achieved this honor again. The reason is not a lack of demand, as the SEC is literally overwhelmed with proposals related to cryptocurrency exchange-traded funds.
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