According to the Bloomberg analyst ETF James Sevart, the US Securities and Stock Exchange Committee (SEC) is expected to delay its decisions regarding approval of the boxes circulating in the encrypted currency (ETF).
In a conversation mail On X, Sevart wrote that although many of the products circulated in XRP (ETPS) exchange have final dates during the next few days, it is unlikely that the approval of the traded investment funds and other Crypto until late June or early July will occur.
He added that the most realistic deadline will be early in the fourth quarter of this year.
The encryption industry is awaiting the SEC decision
Since they allow investors direct exposure to digital assets without maintaining these encrypted currencies directly, there was a large demand in the financial market in the US financial market.
However, the Securities and Stock Exchange Commission remained cautious to agree to other traded investment funds despite the success of Bitcoin and Ethereum ETFS, which was approved last year.
According to analysts, in the event of a Sepvart prediction, the delay will be surprising, given that many industrial leaders were looking for the financial integration prevailing for the encrypted currency market.
Consequently, they hoped that the regulatory approval would be the fastest on this ETPS XRP and other encryption assets, evidence of the market entitlement and faster inserts in the traditional market.
XRP ETF hopes to delay the SEC
Since the industry is awaiting organizations ’decisions regarding these investment funds, many expect that there will be a continuous dialogue between the co -car asset managers and the organizational authorities in addressing the remaining concerns about these financial products.
As I mentioned earlier, the CEO of Ripple was in Washington, DC, last night for more discussions on how to help improve encryption regulations. After launching the long -awaited XRP futures, the head of the ETF Nate Geraci store believes that the launch of the ETF XRP is the next big step for the encrypted currency.
According to CoinmarketCap Data118.32 billion dollars of cryptocurrencies has been traded during the past 24 hours. However, this represents a decrease of 22.55 % compared to the size of the previous day.
The data also shows that Bitcoin is still the most dominant digital assets, as it has a 63.3 % stake in the total market.
