The Bag and Securities Commission (SEC) delayed a series of applications to approve funds cited in stock markets (ETFs) linked to several cryptocurrencies.
Some of the requests deferred by regulators include proposals related to Cardano (ADA) as shown in the document, as well as ETFs based on XRPs of Litecoin (LTC), Solana (Sol), Ripple and Dogecoin (Doge).
The SEC has not only deferred ETF requests from AltCoins. Among the suggestions that were influenced, They are trying to integrate Ethereum’s cryptocurrency, Ethereum’s ETF staking It has already been quoted in the US market.
Staking is a mechanism by which users can block to validate transactions, secure a network, and get rewards in return.
Similarly, agents are delaying decisions regarding contribution options for these funds and increasing the scope of their removal. For now, none of these proposals have made progress, but they have not faced any decisive rejection either..
However, while investors and businesses maintain sector suspense, agents navigate administrative limbos that can extend months.
Washington’s Disability
The main stumbling block to unlock this scenario comes from the government itself. In December, President Donald Trump appointed well-known cryptocurrency defender Paul Atkins as the SEC’s leading candidate after Gary Gensler departed on January 20th.
However, according to Semafor, Atkins has yet to experience a confirmed audience in the Senate. The White House has not sent the necessary documentscomplex procedures with multi-million dollar links with families, including candidate financial declarations.
This management delay maintains the SEC without defined leadership providing delays in decisions regarding ETFs.
Experts maintain high optimism about ETFs
Despite the uncertainty, sector voices minimize impact. Nate Geraci, president of ETF Store, noted: «No surprise…it simply takes time. The new president of the SEC is not even in function yet».
In line with the same policy, Bloomberg analyst specializing in ETFs, James Seifert ensures that this delay responds to “standard procedures.” And he doesn’t change the probability of approval that he considers to be “relatively high”.
Experts add that the critical limit date for these applications has been extended to October, with room for future progress.
Seyfert, next to his colleague Eric Balknath, also from Bloomberg, maintains a specific prediction that cryptocurrencies can first see green light.
According to your calculations, Litecoin leads the list with a 90% chance of ETF approvalfollowed by Dogecoin (75%), Solana (70%) and XRP (65%).
These estimates reflect market analysis that remains unstoppable even before the delay. In fact, today Franklin Templeton submitted a new request for ETFs based on XRP, and was added to companies such as Grayscale, Bitwise and 21shares, which compete for the launch of Ripple Labs currency-linked products, as reported by Cryptootics.
A sector that never gives up
The SEC takes time carefully, but interest in cryptocurrency ETFs will not shatter. Bitcoin ETF approved in January 2024, ether in July A precedent has been set for companies to try to replicate with other currencies.
Furthermore, recent regulatory impulses, such as the creation of a working group on cryptocurrency led by Commissioner Hester Perth, suggest that dialogue remains open. For now, the sector is looking forward to October, where it can define the direction of Wall Street altcoins..
The SEC’s decision to stop these requests does not close the door, but extends uneasy market uncertainty to make it clear. With the transitional leadership and the calendar extended to the end of the year, the fate of Litecoin, Solana, XRP and Dogecoin ETFs are suspended in a waiting compass.
(tagstotranslate)altcoins
