So, the SEC is playing the waiting game (again), delaying all sorts of crypto ETFs like Franklin’s SOL and XRP, Grayscale’s HBAR, Bitwise’s DOGE, and of course, the ever-exciting staking proposals for Franklin and Fidelity’s Ethereum ETFs. Because why not keep us all on edge for a little longer? 🙄
But wait, there’s more! They’ve also hit the pause button on the in-kind creation/redemption features for Invesco Galaxy’s BTC and ETH funds. Yep, you read that right—another one bites the dust. 🤦♀️
But Nate Geraci is all about that optimism life. Despite these setbacks, he’s still convinced that everything will be approved this year. “I still think all will be approved this year,” he says, probably while staring at his crystal ball with a smile. He seems pretty sure that 2025 will be the year when all the regulatory pieces fall into place and the market will finally get what it wants. Or at least, that’s the hope. 🙃
These delays are happening just as everyone’s getting more and more excited about crypto ETFs that go beyond just Bitcoin. You know, the altcoins and staking mechanisms that have become the next big thing. Geraci’s words are fueling the fire, suggesting that once the SEC gets its act together, a flood of approvals could turn the crypto world upside down. And we can only hope that institutional and retail investors get a piece of that sweet, sweet digital asset action. 💸
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2025-04-30 18:06