Bloomberg estimates that we shouldn't expect approval for spot ETFs on altcoins until after October. Although optimists whisper: "Well, maybe in June-July... if the stars align and retrograde Mercury takes a break". 🌌😄
🧠 Analyst James Seyffart writes:
"If the SEC decides, it’s very unlikely to be before the end of June. Expect it in Q4, guys."
Meanwhile, the SEC has initiated a mass pause 🎮:
❌ Applications for the Solana ETF — from Fidelity, VanEck, Bitwise, and others — are postponed.
❌ Ripple ETF – on pause.
❌ Dogecoin ETF from Grayscale – also waiting for its moment (and possibly a meme from Elon 🐶🚀).
❌ Ethereum ETF with staking – also in line.
🧓 The new head of the SEC, Paul Atkins, hasn’t become a magician — but he hasn’t scared off the crows either. Applications are not rejected, just “The Commission is thinking”… Very slowly thinking 😅.
Another crypto soap opera continues!
