In light of investors' expectations for the launch of exchange-traded funds (ETFs) focused on alternative cryptocurrencies (Altcoins) such as Ethereum, Ripple, and others, major regulatory bodies, most notably the U.S. Securities and Exchange Commission (SEC), have postponed approval requests for these funds until further notice. This decision comes amid concerns regarding severe market volatility and the immaturity of the regulatory framework governing this type of asset.

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