The Sec has announced the postponement of its decision concerning two funds negotiated on the stock market (ETF) linked to Bitcoin and Solana. The agency decided to take up to an additional eight weeks to rule on the ETF Bitcoin de Truth Social and the conversion of the Grayscale Solana Trust into ETF. The US financial gendarme justifies this period by the need to examine more in depth the proposed rules of rules and the questions raised.
The key points of this article:
The SEC announced the postponement of its decision on the Bitcoin and Solana ETF, extending the wait up to eight additional weeks. This postponement is part of a context of regulatory prudence, while the agency has approved several ETF Bitcoin in cash earlier this year.
The dry takes its time to examine the Crypto ETF
The decision of the SEC of delay the approval of these ETFs is part of a broader context of regulatory prudence towards investment products linked to cryptocurrencies. Although the agency has adopted a more favorable posture to cryptos under the chairmanship of Donald Trumpit continues to proceed with caution. Under the direction of Paul Atkinsa cryptocurrency defender appointed president of the dry by Trump, the agency has already changed his rifle somewhat against the cryptocurrencies. However, other requests, such as those linked to Solana, XRP, and Dogecoin, remain on hold.
Paul Atkins, the new president of the dry
A crypto market awaiting clear regulation
Concretely, the dry has until October 10 to pronounce on the conversion of the Grayscale Solana Trust into ETF, and until September 18 for the Bitcoin Etf Bitcoin Social. These prolonged deadlines are common in the dry examination process, which has often rejected its decisions on Cryptos. In addition, the postponement of the SEC comes as the cryptocurrency market is going through a period of macroeconomic turbulence. Indeed, Donald Trump's commercial war against the rest of the world has fluctuate the markets. Investors therefore hope that the approval of new ETFs could stabilize the market by attracting more institutional capital. Case to follow, on the local newspaper.