HOT MOMENTS: SEC Shakes the Crypto Market with Major Altcoin ETF Delays!
The crypto world held its breath this evening as the U.S. SEC dropped a wave of strategic delays on key altcoin spot ETFs. Just when the industry anticipated a green light under a more crypto-friendly administration, the SEC hit pause—again. But this might not be the end, say Bloomberg analysts—approval may still be in the cards.
Here’s what just happened:
• Franklin’s Solana Spot ETF – DELAYED
• Grayscale’s Hedera Spot ETF – DELAYED
• Fidelity’s Ethereum ETF (staking decision) – POSTPONED
• Franklin’s XRP Spot ETF – PUT ON HOLD
• Bitwise’s Dogecoin Spot ETF – DELAYED
While these delays may rattle the short-term sentiment, the long-term outlook for altcoin ETFs remains bullish. The SEC might be taking its time—but it’s not saying “no.”
This is not a rejection. It’s a storm before the breakout.
Stay tuned. The altcoin ETF era is just getting started.