SEC’s Crypto ETF Decision: A Game of Patience or Just a Really Long Coffee Break? ☕️

• The U.S. SEC has been collecting legal views on the already filed spot crypto ETFs ahead of the final dates later this year.

• Institutional demand for digital assets remains elevated amid anticipated crypto summer.

So, the United States Securities and Exchange Commission (SEC) decided to play the waiting game on Thursday. You know, just casually delaying the decision-making on several crypto spot ETFs like it’s a Netflix series that’s been renewed for another season. 🎬

They announced they’re gathering public opinions on whether to approve or disapprove the proposed rule change to list and trade these crypto spot ETFs on various exchanges. Because who doesn’t love a good public opinion poll? It’s like asking your friends if they prefer pineapple on pizza. 🍍🍕

The delays on May 22 included the Bitwise XRP ETF, CoinShares XRP ETF, CoinShares Litecoin ETF, Fidelity Wise Origin Bitcoin Fund, and the Fidelity Ethereum Fund. Meanwhile, the U.S. is like, “Oh, look! We also have a Canary Staked TRX ETF filing!” It’s like they’re trying to keep up with the latest trends. 🐦

According to James Seyffart, the SEC will likely keep us on the edge of our seats with these delays until the fourth quarter of this year. So, grab your popcorn! 🍿

“If we’re gonna see early approvals from the SEC on any of these assets, I wouldn’t expect to see them until late June or early July at the absolute earliest. More likely to be in early 4Q,” Seyffart noted.

Market Impact on SEC’s Indecisiveness on Crypto ETFs

The SEC’s ongoing indecisiveness is like a bad relationship—it’s definitely going to impact capital inflows from institutional investors. And let’s be real, the low demand for U.S. securities and bonds is playing a crucial role in pushing cash into crypto investment products led by the ETFs. Talk about a plot twist! 📉

But fear not! The improved crypto regulatory outlook, thanks to the GENIUS Act in the U.S., is here to save the day and attract more institutional investors to the digital asset space. On Thursday, the U.S. President even attended the TRUMP memecoin dinner, where he promised to keep making the country a crypto hub. Because nothing says “crypto future” like a dinner party, right? 🎉

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2025-05-23 02:13