The SEC continues to plunge the market into uncertainty by once again postponing its decisions on spot altcoin ETFs, but time is running out.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on spot cryptocurrency exchange-traded funds (ETFs) for Dogecoin (DOGE), Hedera (HBAR), and Avalanche (AVAX) to a later date, as it has done many times in recent months. According to the Commission's announcement yesterday, the pending funds include Bitwise Dogecoin ETF, Grayscale Hedera Trust, and VanEck Avalanche ETF. The SEC stated that no conclusion has been reached regarding these postponements, expressing that they are waiting for additional comments and opinions from investors and market participants on the matter.
The Commission's decisions have become one of the first postponements made under the leadership of the institution's new president, Paul Atkins. Since taking office on April 22, Atkins had promised to adopt a more friendly approach to the cryptocurrency sector. However, these postponement decisions are leading to comments that expectations in the market are not being met.
On the other hand, according to news from Bloomberg yesterday, it was reported that the approval process for Solana (SOL) spot ETF applications has accelerated from the SEC. Bloomberg analyst Eric Balchunas indicated that the SOL ETF could be approved within the next two to four months.
Stay tuned for new developments.
