#SEC推迟多个现货ETF审批 SEC's delay in the approval of spot ETFs reflects the regulatory body's lingering concerns about the custody, liquidity, and market manipulation risks associated with crypto assets, which temporarily suppresses market sentiment. However, traditional institutions like BlackRock continue to apply, indicating a strong demand for compliant avenues of investment, which may pressure exchanges to improve their risk control systems in the long run. The SEC may release the approval after the transparency of Bitcoin spot data improves, and the political maneuvering during the 2024 election year could accelerate decision-making. A delay does not equal a rejection; the narrative of institutional entry is not over, and buying on dips may become a strategic option. #sol