Brief
- The dry will decide on Bitcoin and ETF social truth on October 8, probably after a request for rules of two exchanges that could shorten approval processes.
- The agency delayed decisions on the XRP funds in Grayscale, Bitwise, Coinshares, Canary Capital and 21Shares.
- He also postponed the deadlines on the ETFs separated from Dogecoin and Litecoin, and a proposal to add the implementation to an ETF EXE ETF ETF.
The American Securities and Exchange commission has delayed its decisions on a negotiated stock market proposed by the media and technology company of Donald Trump to follow the performance of Bitcoin and Ethereum and seven other ETFs based on unique digital assets.
In a deposit on Monday, the regulator said that he had withdrawn his deadline for 45 days for weighing on the social truth Bitcoin and ETF ETF on October 8.
He announced identical delays for requests filed for XRP funds by spot per spot Gray levels,, CornersCanary Capital, Bitwise and 21Shares, an ETF Dogecoin of Grayscale, and a Litecoin Stecoin product of Coinshares, although the potential approval dates of these funds vary.
He also resolved a request to add the implementation of the 21shares Core Etf ETF, which follows the price of the second largest cryptocurrency by market value.
Delays occur four days after the agency delayed decisions on the Solana de Bitwise, 21Shares and Vaneck, and a Dogecoin fund of 21Shares.
The dry weighs a wave of proposals that follow cryptocurrencies. These submissions resulted from the dramatic success of 11 bitcoin spots and nine ETHEREUM, a more favorable political environment for cryptocurrencies inaugurated by the Trump administration, and the growing interest of traditional finance giants which were previously resistant to assets.
Deposits also follow about three weeks after two major American exchanges asked the dry to approve the changes that could considerably shorten the approval process for future negotiated funds in exchange for crypto, automatically listing certain products without requiring deposits on a case -by -case basis.
In separate deposits, CBOE BZX And NYSE ARCA The changes requested from their registration standards would allow certain Cryptographic ETFs to be listed without supporting the rigorous evaluation of the SEC under rule 19B-4, a process which obliges exchanges to subject changes in proposed rules. Under the current directives, these magazines of the changes proposed to the funds could take 240 days.
Bloomberg Senior ETF analyst Eric Balchunas said Decipher That the deposits of the dry Monday were “nothing important” and were probably synchronized to follow a probable dry green light from the amendments of CBOE and NYSE next month after the conclusion of a commentary period.
“Even if it looks like” is this dry not supposed to approve all this? “, Are the registration standards available to comment,” said Balchunas. “So, just over time, these registration standards should be approved. And then we plan a lot of approvals based on the registration standard from October.”
“So this delay seems discouraging, but it’s just a little more patience,” he added. “Everything will happen soon.”
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