#SECETF审批 shows a cautious advancement and policy adjustment in the approval of cryptocurrency ETFs. Recently, the SEC announced the postponement of multiple applications, including Franklin Templeton's SOL, XRP ETF, and Grayscale's HBAR, DOGE ETF, with the final decision deadline extended to October 2025. This decision continues the SEC's review logic regarding market manipulation, liquidity, and investor protection, especially against the backdrop of high volatility in cryptocurrency.