Xiao Pang is here! 📣 Today I have some big news to share~ The US SEC suddenly announced the postponement of the approval for the XRP and Dogecoin ETFs, and even asked for public opinions, with the Ethereum Staking ETF being 'cut in line'! This move has made the market tense up instantly, so let's analyze this carefully 👇
🔥 XRP & Dogecoin: Delay ≠ rejection, the torment continues!
The SEC has postponed the approval of the 21Shares XRP, Grayscale XRP, and Dogecoin ETFs, citing the need to assess 'legal and policy issues.' While it sounds a bit daunting, Bloomberg analysts have pointed out that the SEC has always loved to drag things out until the last minute (the deadline is in October, by the way), so this is just standard procedure~
However, the short-term impact on these two coins could be significant! XRP is already in a delicate situation because of its lawsuit with the SEC (remember the ruling in January 2025?), and now being 'postponed for observation' might make its price as thrilling as a roller coaster ride 💥 Although Dogecoin had a high approval probability of 75% previously, the delay has dampened market confidence, because no matter how powerful Elon Musk's memes are, they can't withstand regulatory uncertainty 🐶
🌟 Ethereum Staking ETF: Prelude to a plot twist?
Bitwise's Ethereum Staking ETF has also been put on hold. Previously, the SEC was struggling with whether staking counted as 'securities activity,' but the recent rejection of the SAB-121 bill by Congress may soften the SEC's stance? Analysts say that the approval probability has increased from 25% to 75% now! However, since staking involves compliance issues, it is likely to take some time to sort out. If it really gets approved in the future, then ETH's staking returns could be even more attractive to institutions, and it might just take off 🚀
💡 Xiao Pang's key points:
1. Short-term fluctuations are the norm: Delaying approvals may trigger selling pressure, but don't forget — the Grayscale Bitcoin ETF was also rejected three times back in the day, and in the end, didn't it turn out to be a great investment?
2. Long-term still bullish: Once the ETF is approved, institutional funds will flood in like a deluge, especially for Dogecoin, which is a 'traffic driver' and Ethereum, known as the 'king of ecosystems.'
3. Policy signals are very important: The SEC is now publicly seeking opinions, indicating they are looking for a balance, which is a good thing for the compliance of the entire crypto industry~
Lastly, a reminder for everyone: The crypto market is like this, you need to stay calm when news is flying around! Instead of chasing prices up and down, it's better to stock up on some snacks like Xiao Pang and wait for the big showdown in October! 🍟 Which coin do you think will break through first? Let's chat in the comments below~ 👇
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