A Strategic Vision or Organizational Fear?
With the increasing institutional interest in the world of digital currencies, the focus is no longer limited to "Bitcoin" and "Ethereum"; attention is now turning to alternative coins (Altcoins) such as Solana, Polkadot, and Avalanche. Despite the growing demand from investors to launch ETF funds based on these currencies, U.S. regulatory bodies, particularly the Securities and Exchange Commission (SEC), have decided to postpone approval for many of these funds. But is the delay merely a regulatory caution? Or is it a hidden strategy with deeper economic and geopolitical dimensions?
Is there a "Political Order" for digital currencies?
It is rare to discuss the idea that there is a "political order" for digital currencies, as certain currencies are gradually marketed and adopted according to global economic priorities. For example, the Bitcoin ETF was passed after years of waiting, while the Ethereum ETF remains in the approval queue. As for alternative coins, despite their technical development, they are always placed in the waiting category.
Could regulatory bodies be waiting for a mature regulatory environment that allows for the inclusion of alternative coins under a stricter system before permitting their widespread trading in public markets?
Deferred Altcoin ETF Funds
The postponement of investment funds freezes part of the institutional liquidity that was supporting emerging blockchain projects.