The dry has just postponed two of the Graycale ETF applications, in particular those concerning Solana and Litecoin. The latter announcement adds to the ComMissiThe recent series of Decisions of ON to repel several ETF Altcoin of various asset managers.
Several eminent FNB analysts also refused to publicly comment on this delay. In the long term, the approval of the dry is still very likely, even if it takes a few months to be finalized.
The dry continues to delay the ETF Altcoin
Since the SEC was subject to a new direction under the Trump administration, it was struck by a flood of ETF proposals. Although professional analysts and community enthusiasts are optimistic about approval ratings, this has not yet happened.
However, when the commission has postponed the applications of Solana and Litecoin ETF of Graycale, reactions have been attenuated.
“The institution of the procedures does not indicate that the Commission has drawn conclusions concerning the questions concerned. On the contrary, the Commission seeks and encourages those interested in making comments on the change of rules proposed,” said the dry in its delay.
Indeed, the Commission has postponed several ETF applications in recent weeks. When the SEC delayed the Litecoin ETF of Canary Capital, this was in accordance with the predictions of analysts.
Previously, analysts said that an ETF Litecoin was more likely that any other Altcoin product, but did not comment on today’s events.
The market also anticipates an ETF from Solana, but progress has not yet come. At this point, the market begins at prices in these delays.
Last week, Litecoin rallied after the SEC delayed an FNB deposit, defying the lowering hypotheses. So far, none of the underlying tokens has experienced a large part of a price decision after the announcement of the Commission.
However, there are many reasons to be optimistic about long -term approval. Less than a week ago, the SEC met with blackrock representatives to discuss ETF regulations.
These talks included high -level associates of the largest Bitcoin ETF transmitter in the world; The chief and the director of digital assets and regulatory affairs were present.
In other words, the SEC delays things, but it will probably approve several of these ETF Altcoin at the end. The Commission requests comments on industry on long -term implications, but it has not yet given an external negative sign.
Of course, the industry would love the rapid approval of the dry for all these ETF deposits. However, as the reduction in recent prices indicate, it does not need things like this to maintain profitability.
The crypto market has a lot of solid fundamentals at the moment, which will benefit these assets, even if the commission continues to hang out for months.
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