Well now, gather ’round, folks, for the U.S. Securities and Exchange Commission (SEC) has once again decided to play a game of “Hurry Up and Wait” with our dear crypto investors. Just when you thought you might catch a glimpse of the elusive crypto exchange-traded funds (ETFs) for XRP, Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE), the SEC has thrown a wrench in the works, and not the good kind that fixes things! 🛠️
On the fine day of March 11, 2025, the SEC, in all its bureaucratic glory, announced it needed a little more time to ponder over some ETF applications. So, they’ve decided to delay the big decisions until May. That’s right, folks, mark your calendars for another round of nail-biting suspense! 📅
“The SEC has announced that it has filed a 45-day extension for its decision on whether to approve the launch of Canary Capital’s spot Litecoin ETF and other related crypto ETFs. Hurry up and wait.”
— Litecoin Foundation ⚡️ (@LTCFoundation) March 11, 2025
Ah, a 45-day extension! Just what we needed—more time to twiddle our thumbs and contemplate the mysteries of the universe. If this news sounds like déjà vu, it’s because the SEC has been dragging its feet on crypto ETF approvals longer than a tortoise in a marathon. Just last month, they decided to take their sweet time on Ether (ETH) ETFs too. 🐢
But hold your horses, dear investors! Not all is lost. According to the wise folks at Bloomberg, this delay is as routine as a cat chasing its tail. Analyst James Seyffart assures us that it doesn’t change the odds of eventual approval. In fact, the final deadline for most altcoin ETFs won’t roll around until October 2025—so this is just another pit stop on the long and winding road. 🚗💨
Now, why all this delay, you ask? Well, it seems the SEC is in a bit of a pickle over leadership. With Chair Gary Gensler stepping down, President Donald Trump has thrown his hat in the ring for Paul Atkins, a fellow who’s got a soft spot for crypto. But alas, Congress hasn’t confirmed him yet, leaving the agency in a state of regulatory limbo that would make even a seasoned tightrope walker dizzy. 🎪
This uncertainty isn’t just messing with altcoin ETFs; it’s causing a ruckus for Ether staking ETFs and in-kind redemption ETFs too. Eric Balchunas from Bloomberg quipped that everything’s delayed, likening it to an Amtrak train bound for NYC on a Monday morning—“Mechanical issues in DC.” Ain’t that the truth! 🚂
So here we are, folks, in a waiting game that feels longer than a summer day in the South. The next big decision is slated for May 2025, but with final cutoffs not until October, we might be in for a long haul. But fear not! Institutional demand for crypto ETFs is growing faster than a weed in a garden, and with heavyweights like Grayscale and Cboe BZX Exchange pushing hard, there’s still hope on the horizon. 🌅
Read More
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
- Cookie Run Kingdom Town Square Vault password
- Judge Fines Oregon Man with $120 Million in Crypto Fraud Case
- ‘The Last of Us’ Gets Season 2 Premiere Date
- Unveiling the Enchanting World of Peer-to-Peer Crypto: A Witty Guide
- NEIGHBORHOOD Unveils SS25 Collection Featuring Keffiyeh-Inspired Pieces
- Disney+ Lost A Ton Of Subscribers After The Company Raised Prices, But It Didn’t Seem To Matter For Another Streamer
- After The Odyssey’s First Look At Matt Damon’s Odysseus, Fans Think They’ve Figured Out Who Tom Holland Is Playing
- Khao Yai ‘Art Forest’ Shakes Up Thailand’s Art Scene
2025-03-12 13:26