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The US Securities and Change Fee (SEC) has postponed choices on a number of purposes for XRP, Litecoin (LTC), Solana (SOL) and Dogecoin (DOGE) ETFs (exchange-traded funds).
The company mentioned in a March 11 submitting that it has “designated an extended interval” to determine on the proposed rule modifications that may enable the ETFs to proceed to the following stage.
Bloomberg Knowledgeable Not Involved About SEC Delay
The affected ETFs embrace Cboe BZX Change’s spot Solana ETF and Grayscale’s XRP ETF filings. The SEC now has till Might to succeed in a call on these funds.
Whereas the SEC has declined to ship a call on the ETFs, Bloomberg ETF analyst James Seyffart mentioned he “anticipated” the delay, calling it a part of “commonplace process.”
Eth staking and in-kind additionally delayed. All the things delayed. It is just like the NYC-bound Amtrak on monday morning: “Mechanical points in DC”
— Eric Balchunas (@EricBalchunas) March 11, 2025
He added that US President Donald Trump’s decide for SEC Chair, Paul Atkins, has not even been confirmed but.
“This doesn’t change our (comparatively excessive) odds of approval,” he mentioned, including tha the ultimate deadline for choices on the funds is October.
Flurry Of Purposes For ETFs Submitted To SEC After Gensler Resigns
The SEC’s transfer to delay its choice for a number of altcoin ETFs comes after the company acquired a number of purposes for funds linked to cryptos apart from Bitcoin and Ethereum initially of the 12 months.
The catalyst was the resignation of former anti-crypto SEC Chair Gary Gensler.
Beneath Gensler’s management, the SEC opted for a regulation by enforcement method for US corporations working within the crypto area.
Since he stepped down on Jan. 20 and pro-crypto Donald Trump entered the White Home on the identical day, a number of lawsuits in opposition to crypto companies have been dropped.
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