#AltcoinETFsPostponed
The postponement of approval for exchange-traded funds for Altcoins has shocked both investors and analysts alike. The decision by the U.S. Securities and Exchange Commission (SEC) not to give the green light yet means that the market will remain under pressure of anticipation and volatility for a longer period. This postponement has weakened risk appetite in the market, which was clearly reflected on the ETH/USD pair, as Ethereum fell against the dollar due to declining expectations of large institutional money entering soon.
Many had hoped that approval would be a step towards market maturity and rising prices, but the delay increases the regulatory uncertainty that hinders broader adoption of digital currencies.
Watch the markets, as regulatory decisions have become a major driver of cryptocurrency movement.
