The postponement of mutual fund applications for alternative digital currencies raises market questions

Amid investor expectations for the launch of investment funds (ETFs) focused on alternative digital currencies (Altcoins) such as Ethereum, Ripple, and others, major regulatory bodies, most notably the U.S. Securities and Exchange Commission (SEC), have postponed the approval requests for these funds until further notice. The decision comes amid concerns regarding severe market volatility and the lack of maturity in the regulatory framework governing this type of asset.

The authorities explained that the decision aims to protect investors from fraud or market manipulation risks, especially given the absence of clear mechanisms to monitor alternative currency networks compared to Bitcoin, which enjoys higher liquidity and broader regulatory interest. They also indicated the need to assess the impact of these funds on financial stability, particularly in light of the sharp fluctuations that digital currencies have experienced this year.

On the other hand, the postponement has caused disappointment among a segment of investors who were expecting new liquidity to enter the "flipping" market, leading to a temporary decline in the values of some currencies by rates ranging from 3% to 8% in recent hours. However, experts believe that the postponement could be an opportunity to develop clearer standards that enhance the confidence of major financial institutions in digital currencies in the long term.