SEC Delays Approval for Major Cryptocurrency ETFs, Including Franklin’s SOL and XRP
The post SEC Delays Approval for Major Cryptocurrency ETFs, Including Franklin’s SOL and XRP appeared on BitcoinEthereumNews.com.
On April 30th, COINOTAG News reported that the U.S. **Securities and Exchange Commission** (SEC) has postponed its decisions regarding several **cryptocurrency ETF** applications. This delay affects multiple high-profile products, including **Franklin’s SOL** and **XRP ETFs**, **Grayscale’s HBAR ETF**, and **Bitwise’s DOGE ETF**. Additionally, proposals from **Franklin** and **Fidelity** concerning **Ethereum ETF** collateralization are among those awaiting approval. The SEC’s reassessment also encompasses the **Invesco Galaxy Bitcoin** and **Ethereum ETFs**, which focus on a physical creation and redemption mechanism. According to **Nate Geraci**, President of The ETF Store, he maintains a positive outlook, suggesting these investment vehicles could receive approval by year’s end. Market participants continue to watch these developments closely, as the approval of these ETFs could significantly impact the **cryptocurrency** landscape and broaden investor access. Source: https://en.coinotag.com/breakingnews/sec-delays-approval-for-major-cryptocurrency-etfs-including-franklins-sol-and-xrp/
Filed under: News - @ April 30, 2025 4:20 am