SEC delays multiple CRIPTO ETF decisions adsid growing backwards

The U.S. Commission for Securities and Exchange requested decisions at Bitcoin and Etherm ETF, as well as Hedera ETF Canaria ETF, and stating the need for more time as it ranges in ETF delivers.

According to data from April 24, SEC delayed decisions about Bitcoin in Bobra (Btc) and Etherum (El) ETFS as well as Hedera Canary Hedera (Hbar) ETF, with new deadlines set on 10. June and 11. Junerespectively. In both submissions, SEK stated the need for additional time to thoroughly review proposals and consider public comments.

This wave of delay is part of a wider trend, because the sec grips with an increasing number of CRIPTO ETF applications. Other recent disposal Includes Graiscale Application to Convert Your Polkadot (Dot) Trust in ETF, with a new deadline now set for 11. June.

The delays come in the middle of the shift of Leadership in SEC, with cryptological Paul Atkins go into As a new chair of the agency. His appointment could mark a turning point in SEC paragraph on digital investment funds, potentially trimming the way for several crypted ETF approvals.

Bloomberg Analyst James Seiffart was monitoring The growing list of ETF submissions is currently awaiting regulation approval. Among the attached applications are ETFs related to Solana (Salt), Ripple (XRP), Sui (Sui), Litecoin (LTC), Akelar (Acl), Binance coins (Bnb), Cardano (Ada), Avalanche (Avaq), Dogecoin (Exaggerate), Aptos (Preference), LANK chain (Link), Bonk (Stifle), and even newer memecoys like Penggin Penguin (Pengu), Official Trump (Abdomen), Melania (Melanija).

In addition to individual token, SEC also reviews proposals for funds in the index that shrines more cryptocurrency together, as well as additional ETFS based on BTC and ETF.

Despite the wave of AltCoin ETF applications, balchunas believes This BitCoin ETFS will still dominate the Landscape of the CRIPTO ETF, even if Altcoin-based products eventually receive approval.

“… Bitcoin ETFS command 90% of the Fund CRIPTO globally. While the Alt / Meme Coval ETF is likely to inflict only minor indentations, Bitcoin will probably keep at least 80-85% in the long run. wrote on X.