The US Securities and Stock Exchange Committee (SEC) has been delayed by three boxes circulating in the exchange of encryption (ETFS), which expands the deadline for the review to October.
In the notifications submitted on August 18, the agency set up new decision dates on October 8 New York Arca’s Truth Social Bitcoin, Ethereum ETF, October 16 for 21shares’, Solana Solana Etfs, and October 19 for 21shares Core XRP.
Bitcoin Social Bitcoin and Ethereum ETF, provided on June 24, are designed as confidence based on goods that are held Bitcoin (BTC) directly (ETH) and issuing shares backed by these assets. While he was marking the American truth platform Donald Trump, it works like another Bitcoin and Eter ETFS already on the market.
CBOE BZX also seeks consent For the first time in the United States Solana Etfs through files from 21shares and BitWise. These products will keep Solana (SOL) and give investors a safe way to expose Solana prices.
A separate application of 21shares aims to launch Trust Core XRP, designed for retaining (XRP) and tracking its market value. Confidence was presented for the first time in February and was later modified, was approaching the deadline for 180 days on Wednesday before SEC gave itself an additional 60 days of review.
Related to: The American organizer looks
October forms a large month for ETF provisions
The latest ETF extensions are not external. SEC provides ETF accessories throughout the summer, many of which are formed to be determined in this fall.
In March, Cointelegraph reported that SEC had delayed decisions on multiple altcoin etf proposals, including XRP and Litecoin (LTC) products (DOGE).
Among them is the Coinshares app for the Litecoin ETF spot, which will be held directly LTC and the release of shares supported by the distinctive symbol. Cointelegraph pointed out that the SEC extension put the deadline in the same set of fall reviews such as other altcoin files.
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Separately, SEC extended its review of BitWise’s request to allow normal creations and extracts for the Bitcoin and ETHEEUM qualifiers. It is now scheduled in September that this decision will determine whether investors can exchange ETF shares directly for the basic encryption rather than cash.
SEC often uses full extension periods to evaluate new products and collect public comments. James Sevart, Bloomberg analyst ETF, wrote in a publication on X on May 20, that SEC “usually responds full -time to respond to the 19B -4B file.” He added that “almost all these deposits have final due dates in October,” and it will be an early decision “outside the base.”
Ether etfs Smash Records as Crypto products see $ 3.75B flows
Blackrock dominates the growth of ETF boxes in popularity
The American market is now dozens of investment funds circulating in Bitcoin, many ether products, an increased list of apps for Sol, XRP and other symbols. Globally, more than one hundred encrypted investment funds are listed.
ISHares Bitcoin Trust dominates Blackrock in this field, with more than $ 87 billion in Assets Under Management (AUM). Its size, liquidity and strength of the brand dismantled it, which distinguishes the bulk of the flows while the competitors remain much smaller.
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