Amidst the bustling, ever-changing world of finance, the United States Securities and Exchange Commission (SEC) continues to weave a tapestry of postponements, much to the delight and frustration of the crypto community. In the last 24 hours, the SEC, with the grace of a seasoned ballerina, has once again pirouetted away from making a decision on the listing and trading of shares of Grayscale Hedera Trust (HBAR).
But why stop there? The SEC, in its infinite wisdom, has also decided to delay the verdict on the VanEck Avalanche ETF and the Bitwise Dogecoin ETF. It seems the agency is in no hurry to decide whether these proposed rule changes should be approved or disapproved, preferring instead to savor the moment, much like a connoisseur with a fine wine.
In the next 21 days, the SEC will be graciously accepting written reviews from the public, a gesture that is both democratic and, one might say, a tad theatrical. For those who wish to file a rebuttal, the SEC has generously allocated 35 days, ensuring that all voices, no matter how faint, can be heard.
When Will the SEC Approve More Crypto Spot ETFs?
According to the market data from Polymarket, the chances that the U.S. SEC will approve several crypto ETFs before the end of this year are, curiously, quite high. The Donald Trump administration, in its final act, has made a valiant effort to provide clear crypto regulations, a move that could potentially usher in a new era of digital asset adoption by institutional investors.
Eric Balchunas, a senior analyst at Bloomberg, has even predicted that an altcoin ETF summer is on the horizon, with Solana (SOL) leading the charge. The SEC, it seems, is engaging with fund managers seeking to offer spot SOL ETFs in a manner reminiscent of last year’s spot Ether ETF issuers, a sign that the summer may indeed be near.
Market Impact
The SEC’s continued delays have left investors, who were eagerly awaiting the altcoin summer of 2025, feeling a bit like children waiting for a long-promised treat. The wider crypto market cap has dipped by over 5 percent, settling at around $3.44 trillion at the time of this writing. More than $642 million has been liquidated from the crypto leveraged market, with the majority of the losses coming from long traders.
As the market holds its breath, one can only wonder: will the SEC’s dance with crypto ETFs ever come to a graceful end, or will it continue to be a performance of endless delays? 🕰️💰
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2025-06-13 02:07