#AltcoinETFsPostponed Delay of Alternative Currency ETFs Pressures ETHUSDT Pair
The U.S. Securities and Exchange Commission (SEC) announced a delay in deciding on the approval of several exchange-traded funds (ETFs) related to alternative currencies, led by Ethereum. This delay directly impacted the ETHUSDT pair, as the price fell from $3,680 to around $3,520 within just two days. Investors were anticipating these approvals as a key catalyst for institutional liquidity to enter the Ethereum market. The delay is viewed as a sign of ongoing regulatory hesitation in supporting digital assets outside of Bitcoin. Nevertheless, some remain optimistic about the potential for these funds to be approved later, making these declines a potential buying opportunity.
