#Trump100Days The U.S. SEC has delayed decisions on multiple altcoin ETF applications, including those for Ethereum (ETH), Solana (SOL), and other major cryptocurrencies. This follows the approval of spot Bitcoin ETFs in early 2024, which many expected to pave the way for broader crypto ETF adoption.

Why the Delay?

- Regulatory Uncertainty – The SEC is still evaluating whether altcoins qualify as commodities or securities, a key factor in approval.

- Market Manipulation Risks – Unlike Bitcoin, many altcoins have thinner liquidity, raising concerns over price manipulation.

- Custody & Security Concerns – Staking mechanisms (e.g., Ethereum’s PoS) add complexity to ETF structures.

Market Impact

- Short-term bearish sentiment, as traders hoped for immediate approvals.

- ETH and SOL prices dipped on the news, but long-term demand remains strong.

- Some analysts predict approvals in late 2024 or 2025, depending on SEC leadership and legal clarity