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Crypto ETF Summer May Begin in June Despite Fresh SEC Delays, Say Analysts
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on several spot crypto ETFs, including those linked to Dogecoin, XRP, Solana, Hedera, and Ethereum staking. However, analysts remain optimistic and expect approvals by late June or early July.
These delays are not uncommon in the SEC’s review process, which typically involves multiple decision windows before a final determination is reached. Despite this setback, Nate Geraci, President of The ETF Store, still expects approvals to come through this year. Similarly, Scott Johnsson, General Partner at Van Buren Capital, anticipates an “avalanche of approvals” to follow, starting as early as end-of-June or early July.
These comments have led to the phrase “Crypto ETF Summer” trending among market watchers. Several firms have filed paperwork for new crypto ETFs, including Bitwise, Franklin Templeton, Grayscale, 21Shares, CoinShares, and Canary Capital, with proposals based on coins like Solana, Litecoin, and Cardano.
The enthusiasm surrounding these potential ETF launches is driven by the success of spot Bitcoin ETFs approved last year. Furthermore, recent changes in the U.S. political climate have encouraged asset managers to pursue new crypto-related financial products.
However, experts are uncertain whether altcoin ETFs will attract substantial inflows. Despite Dogecoin and XRP being two of the top 10 most-traded cryptocurrencies, their popularity does not guarantee success for their corresponding ETFs.
Source: https://coinchapter.com/crypto-etf-summer-may-begin-in-june-despite-fresh-sec-delays-say-analysts/
