Bloomberg analyst says it’s “standard procedure” after the SEC delays decision on crypto ETFs
Litecoin, Doge, Solana, and XRP ETFs have had their approval decision delayed Bloomberg ETF analyst James Seyffart said “this is standard procedure” ETF applications are on the rise as investor interest continues The US Securities and Exchange Commission (SEC) has delayed its decision to approve several crypto exchange-traded funds (ETFs). The affected ETFs are Litecoin, Doge, Solana, and XRP. In filings published on March 11, the SEC said it had issued a “Notice of Designation of a Longer Period” to determine the outcome of proposed rule changes. The ETFs are those filed by Nasdaq’s Litecoin and the Chicago Board Options Exchange’s (Cboe) XRP ETFs . Following the news, Bloomberg’s ETF analyst James Seyffart said on X : “It’s expected as this is standard procedure,” adding that Paul Atkins, the new chair of the SEC , hasn’t even been confirmed yet. “This doesn’t change our (relatively high) odds of approval. Also note that the final deadlines aren’t until October for these,”...