#AltcoinETFsPostponed
Investor expectations for the launch of exchange-traded funds (ETFs) focusing on alternative cryptocurrencies (Altcoins) such as Ethereum, Ripple, and others, have been met with delays in approval requests from key regulatory bodies, most notably the U.S. Securities and Exchange Commission (SEC), 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 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 experienced by cryptocurrencies 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 cryptocurrencies by percentages ranging from 3% to 8% over the past hours. However, experts believe that the delay...