Investor expectations for the launch of investment funds (ETFs) focused on alternative cryptocurrencies (Altcoins) such as Ethereum and Ripple, among others, have led major regulatory bodies, particularly the U.S. Securities and Exchange Commission (SEC), to delay the approval requests for these funds until further notice. This decision comes amid concerns about severe market volatility and the immaturity of the legislative framework governing this type of asset.
The authorities clarified that the decision aims to protect investors from fraud or market manipulation risks, 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 pointed to the need to assess the impact of these funds on financial stability, particularly in light of the sharp fluctuations witnessed in cryptocurrencies this year.
On the other hand, the delay has caused disappointment among a sector of investors who were expecting new liquidity to enter the "flipping" market, leading to a temporary decline in the values of some currencies by percentages ranging from 3% to 8% in recent hours. However, experts believe that the delay...