#AltcoinETFsPostponed Investors' expectations for the launch of investment funds (ETFs) focused on alternative cryptocurrencies (Altcoins) like Ethereum, Ripple, and others, have been met with a delay by major regulatory bodies, most notably the U.S. Securities and Exchange Commission (SEC), in 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 agencies clarified that the decision aims to protect investors from fraud or market manipulation risks, especially in the absence 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 digital currencies have experienced this year.
On the other hand, the delay has caused disappointment among a segment of investors who were expecting new liquidity to enter the "flipping" market, resulting in a temporary decline in the values of some currencies by percentages ranging between 3% and 8% in recent hours. However, experts believe that the delay...