SEC today delays several ETF applications, including the Truth Social FNB Bitcoin. The other queue products include Solana ETF de Graycale and the Litecoin fund of Canary Capital.
In addition, Avax ETF of Vaneck faces another deadline, but other reverses seem likely. The commission seems sympathetic to the creation of these new products, but tries to buy as much time as possible.
New wave of delays ETF
Although the SEC is currently under a new direction, it has not necessarily led to a boon of ETF Altcoin. Dozens of FNB fees are awaiting approval, but the Commission has constantly delayed a large strip of requests. Today, he postpones two others, including Bitcoin ETF from Truth Social, an ETF Solana de Grayscale and Litecoin ETF from Canary.
The noted reports came for the first time on social networks, but the DEC documents confirmed the facts. The committee delays the Trump Media BTC FNB Truth BTC, which he continued for the first time in early June. This is the first of several FNB Crypto on Trump’s theme, but others followed. The dry has established a new deadline, which can be repelled:
“The Commission deems appropriate to designate a longer period in which measures on the change of proposed rule so that it has enough time to examine the change of proposed rule and the questions raised there. Consequently, the Commission … designates on September 18, 2025, as the date of the disapprove of the Commission, “said the SEC or the Institute.
Recently, the Commission was in a notable scheme to delay FNB Altcoin Frais. However, the experts theorized that the dry is ultimately sympathetic to approve them. Nevertheless, it implements as much delays as possible to buy time to establish an appropriate legal framework.
In case, the Commission recently approved a multi -hole basket product from Grayscale. However, he imposed another delay on this FNB the next day. The dry used its maximum number of extensions but used this unorthodox decision to buy more time. If the commission wanted to reject this product, it could have done so so easily.
In other words, Altcoin ETF fans should not treat these delays as a major setback. Community optimism concerning future approval is always high, especially because the SEC actively envisages rationalized demand processes. Despite the current withdrawal of Litecoin ETF, the polymarket approval ratings remain high.
The dry has another deadline today, concerning the FNB Avax of Vaneck. This product could soon gain approval, or it could be the fourth active of this type to face another setback. In any case, in the long term, the chances of success always seem quite optimistic.
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