The US Securities and Stock Exchange Committee has delayed its decision regarding a series of proposed funds circulating on the stock exchange related to encrypted currencies, including Litecoin, Solana, XRP and Dogcoin.
The postponements affect applications from companies including Canary, VNECK, 21shares, BitWise and Grayscale, which have sought to provide traded investment funds to track the price of different cryptocurrencies.
The agency’s actions, which follow the initial declaration of the required Form 19B-4 files, are part of the organizational schedule in force, allowing multiple accessories from the review period. The SEC process allows a 45 -day initial review, which can be extended by an additional 45 days and has been extended additional through subsequent review periods from 45 and 60 days before making a final decision.
James Sevart, Bloomberg analyst, Premium The delay as “expected”, noting that it is in line with the standard procedures, especially given that the organizer is currently running through Mark Audida.
Yes, SEC has just has a set of ETF Coin Coin files including Litecoin, Solana and XRP & Doge. This standard is expected to be the ATKINS yet. This does not change the possibilities of approval (relatively high). Also note that the deadlines …
Jseyff March 11, 2025
SEC decision delays include regular paragraphs
The American organizer has also delayed its decisions on the requests related to creativity and its devotion to ISHARES Bitcoin Trust ETF and the Fidelity Bitcoin Fund.
The normal redemption will allow investors in these funds to recover their shares for the sake of the inherent, which is the leading cryptocurrency, which can help in demanding the encrypted currency in growth.
Despite the delays, the organizer has tamed his approach to the coded currency area under Uyeda, as it recently dropped many lawsuits and investigations against companies in the sector, including Coinbase and Krakeen exchanges.
Other cases recently brought down by the organizer, which include those against the conseensys on metamask application of a portfolio and against the organization behind the decentralized stock exchange, uniswap labs.
