๐จ SEC Delays Franklinโs Spot Ethereum ETF Approval ๐จ
The U.S. SEC has once again delayed a major crypto decision โ this time for Franklin Templetonโs Spot Ethereum ETF ๐. The ETF aimed to include staking features, but the SEC needs more time to review if it complies with securities laws โ๏ธ.
This delay triggered a 6.79% drop in Ethereum's price ๐, showing just how sensitive the market is to regulatory updates ๐ง .
๐ Over $800M in institutional capital is waiting on clarity โ a sign that big players are still interested in ETH ETFs despite the holdup ๐ฐ.
โณ Meanwhile, crypto investors remain on alert, watching for the SEC's next move. Approval or rejection could shake the markets once again ๐ช๏ธ.
๐ What do you think: Is this delay good for the long term, or just another roadblock for ETH? ๐ค๐ญ