The U.S. SEC continues to postpone its decision on proposals for listing and trading spot cryptocurrency ETFs.
The SEC has pushed back the deadline for approving Bitcoin, Ethereum, Litecoin, and XRP ETFs to the end of 2025, paving the way for potential approvals in the future to promote the development of the cryptocurrency market.
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The SEC has postponed its decision on Bitcoin ETF and Ethereum until October 8, 2025.
The proposals for XRP ETF and Litecoin have been postponed until October 23, 2025.
Approval of spot ETFs is expected to promote widespread cryptocurrency adoption in the United States.
How has the SEC delayed decisions on Bitcoin and Ethereum ETFs?
The SEC has postponed its decision on allowing the listing and trading of Bitcoin and Ethereum spot ETFs, setting October 8, 2025, as the deadline for a final decision.
This decision reflects the regulator's caution regarding the rapidly growing trend of the cryptocurrency market. The delay gives the SEC more time to assess the trading system and protect investors from potential risks.
The new timeline indicates that the SEC continues to closely monitor market developments while considering the legal and technological aspects involved before making a final ruling.
How is the SEC handling proposals for XRP ETF and Litecoin?
The SEC has also postponed decisions regarding XRP ETFs and Litecoin, with the next ruling expected on October 23, 2025.
This includes CoinShares Litecoin ETF and CoinShares XRP ETF, as well as 21Shares Core XRP ETF, with a decision deadline of October 19, 2025. The delay allows the SEC to continue studying the legality and market risks.
This result reflects the SEC's consistent caution in censoring cryptocurrency-related ETF products to ensure transparency and stability in the financial market.
Approval of spot ETFs will mark a significant step in advancing the cryptocurrency economy and making it easier for individual investors to access.
Michael Smith, Cryptocurrency Analysis Expert, 2024
What will be the market impact of delaying the ETF ruling?
The SEC aims to approve more spot cryptocurrency ETFs before the end of 2025, while supporting policies to make the United States an international cryptocurrency hub.
Approval is expected to increase liquidity and expand investor access to digital assets. This could be a catalyst for the next 'crypto summer', similar to the growth seen when Bitcoin ETF was approved.
This event reflects the government's effort to balance regulation and promote innovation, laying the groundwork for the sustainable development of the cryptocurrency industry in the United States.
The SEC's new policy aims not only to protect investors but also to help the cryptocurrency market operate more transparently and be better regulated in the near future.
Jane Lee, Financial Market Analyst, 2024
Frequently Asked Questions
1. Does the SEC's delay in deciding on the ETF affect the price of Bitcoin and Ethereum?
The delay may cause short-term market fluctuations but does not change the long-term trend of approving spot ETFs.
2. When will the SEC approve spot cryptocurrency ETFs?
Key milestones are set for October 2025, but approvals may occur earlier or later depending on the SEC's assessment.
3. Do cryptocurrency ETFs help increase market liquidity?
Spot ETFs enhance liquidity by attracting more traditional investors to participate in the cryptocurrency market.
4. What reasons does the SEC have for delaying the ETF approval decision?
The SEC needs to ensure that ETFs meet safety, transparency, and risk-free standards for investors before approval.
5. How does ETF approval affect the development of cryptocurrency in the United States?
ETF approval allows cryptocurrency to reach a wider public market, facilitating broader development and acceptance.
Source: https://tintucbitcoin.com/sec-hoan-duyet-etf-bitcoin-ethereum/
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