The American Securities and Exchange (SEC) commission continued to postpone decision -making on FNB Crypto. In the past 24 hours, the SEC has delayed the decision to approve or refuse the registration and negotiation of the shares of Grayscale Hedera Trust (Hbar).
The agency also made a similar decision on Vaneck Avalanche Etf and Bitwise Dogecoin Etf. According to the respective file, the agency will institute procedures to determine whether the change of rule proposed must be approved or disapproved.
In the next 21 days, the SEC will accept the written exams of the public to determine whether the changes in the proposed rules meet all the regulatory requirements. In addition, the agency has given anyone trying to deposit a refutation up to 35 days.
When the dry will approve more FNB Crypto Spot Etf
According to data from the Polymarket market, the chances that the American sec can approve several ETF Crypto before the end of this year. In addition, the Donald Trump administration has made deliberate efforts to provide clear regulations in cryptography and allow the general adoption of digital assets by institutional assets.
Earlier this week, Eric Balchunas, principal analyst at Bloomberg, predicted that a potential ETF Altcoin is on the horizon. Balchunas stressed that Solana (soil) will probably lead to ETF approvals. In addition, the SEC has initiated fund managers seeking to offer Spot ETF in a similar way to the ETF issuers from last year.
Market impact
The continuous delays in the SEC on Crypto Spot ETF frustrated investors while waiting for the highly anticipated Altcoin summer in 2025. In addition, the larger crypto market capitalization dropped by more than 5% to oscillate about 3.44 dollars billions at the time of the editorial staff.
As a result, more than $ 642 million were liquidated from the crypto lever market, the majority involving long traders.
