Bloomberg expects that the U.S. SEC will not approve new altcoin ETFs until the 4th quarter of this year. That is, at least - until October. However, they also consider the end of June to early July as optimistic timelines.
ETF analyst #Bloomberg James Seyffart writes today:
«Delays are expected in the approval of spot crypto-ETFs. A number of applications for XRP ETP have deadlines in the coming days.
If the regulator (SEC) does give any approvals ahead of schedule, I wouldn't expect them before the end of June or early July - and that is in the best case. Most likely, everything will shift to the 4th quarter.»
Meanwhile, the SEC on May 19-20:
- Postponed the approval of several Solana ETF applications, stating that it needs more time to assess legal policy issues:
-- postponed the decision on the #Fidelity application,
-- postponed the decision on the #CanaryCapital application,
-- postponed the decision on the #VanEck application,
-- postponed the decision on the #21Shares application,
-- postponed the decision on the #Bitwise application.
- Postponed the decision on the Ripple ETF launch application from 21Shares.
- Postponed the decision on the Dogecoin ETF launch application from #Grayscale.
- Postponed the decision on the application to add staking to the Ethereum ETF from Bitwise.
- Postponed the decision on the Ripple ETF launch application from Grayscale.
Paul Atkins' appointment as head of the U.S. SEC was not an instant 'magic pill.' But it was not 'poison' either; applications remain under review, and the Commission publicly declares itself as 'crypto-friendly.'
