SEC delays crypto-ETFs again but is laying the groundwork for mass approvals
✍️ The U.S. Securities and Exchange Commission has postponed decisions on a number of crypto-ETFs, including one from Trump Media. The new deadline is October 8.
📌 The following have been delayed:
— Spot-ETF for XRP (Grayscale, 21Shares, CoinShares, Bitwise, Canary Capital);
— Spot-ETF for Dogecoin (Grayscale, 21Shares);
— Spot-ETF for Litecoin (CoinShares);
— Application for adding staking to the spot Ethereum-ETF (21Shares).
Previously, similar delays affected ETFs for Solana (Bitwise, 21Shares, VanEck).
✔️ The reason is the wait for the approval of key amendments to the listing rules on the Cboe BZX and NYSE Arca exchanges. If the SEC approves them in September (which seems likely), the process of listing crypto-ETFs will become simpler and faster, without the need for separate approval of each application under Rule 19b-4.
🔥 What looks like a slowdown may actually be the final bureaucratic step. If the new rules come into effect, a mass launch of ETFs for XRP, ETH (with staking), DOGE, LTC, and other assets is possible this fall. This could serve as a systemic trigger for institutional inflow and a new wave of a bull trend.
