The United States Securities and Exchange Commission (SEC) has continued decision -making on spot crypto ETFs. In the last 24 hours, the SEC has postponed the decision to approve or refuse the mention and treatise of grayscale shares Hedera Trust (hbar).
The agency has also made a similar decision about Vaneck Avalanche ETF and Bitwise Dogecoin Etf. According to the respective application, the agency will set a procedure to determine whether the proposed change of rule should be approved or rejected.
In the coming 21 days, the second -written assessments of the public will accept to determine whether the proposed rule changes meet all legal requirements. Moreover, the agency has given every person who wants to submit a refutation of up to 35 days.
When does the SEC approve more crypto spot ETFs
According to Polymarket market data, the opportunities that the American SEC will continue to approve various crypto -eeties before the end of this year. In addition, the Donald Trump administration has made intentional efforts to offer clear crypto regulations and to enable the regular acceptance of digital assets by institutional assets.
Earlier this week, Eric Balchunas, a senior analyst at Bloomberg, predict That a potential altcoin ETF summer is on the horizon. Balchunas emphasized that Solana (SOL) will probably lead in spot ETF approvals. In addition, the SEC has attracted fund managers who offer Spot -Sol ETFs in a similar way than last year’s Spot ETF ETF -Ets.
Market effect
The continuous delays by the SEC on spot crypto ETFs have frustrated investors who are waiting for the long-awaited Altcoin summer in 2025. Moreover, the wider crypto market capitalization fell more than 5 percent to fluctuate around $ 3.44 trillion at the time of this writing.
As a result, more than $ 642 million was liquidated from the Crypto -Hefbom market, involving the majority with long traders.