🚨 More than 90 applications for crypto currency-based exchange-traded funds (ETFs) have been temporarily paused.
And this is not only about Bitcoin.
$PEPE $SOL $XRP
Due to a funding lapse in the United States, the SEC’s review process for new crypto-based ETF products has effectively slowed to a halt.
Yesterday, Canary filed for a PEPE ETF.
Today, the broader ETF pipeline is running into trouble. 👀
Important:
This is not a rejection.
Existing funds continue trading normally.
But new registrations and reviews can’t proceed the usual way until the SEC resumes its normal operations.
This means that one of the biggest institutional narratives in the crypto world has lost its timeline.
Which altcoin ETF story will be hit the hardest by the delay?
PEPE · SOL · XRP
Please follow up
#SECHaltsCryptoETFReviewsAmidFundingLapse
And this is not only about Bitcoin.
$PEPE $SOL $XRP
Due to a funding lapse in the United States, the SEC’s review process for new crypto-based ETF products has effectively slowed to a halt.
Yesterday, Canary filed for a PEPE ETF.
Today, the broader ETF pipeline is running into trouble. 👀
Important:
This is not a rejection.
Existing funds continue trading normally.
But new registrations and reviews can’t proceed the usual way until the SEC resumes its normal operations.
This means that one of the biggest institutional narratives in the crypto world has lost its timeline.
Which altcoin ETF story will be hit the hardest by the delay?
PEPE · SOL · XRP
Please follow up
#SECHaltsCryptoETFReviewsAmidFundingLapse
