The Securities and Exchange Commission delayed the approval of several cryptocurrency spot exchange-traded funds Tuesday, including Litecoin (CRYPTO: LTC), Solana (CRYPTO: SOL), XRP (CRYPTO: XRP), and Dogecoin (CRYPTO: DOGE).
What Happened: The regulator postponed decisions on Canary Solana Trust ETF, VanEck Solana Trust ETF, 21Shares Core Solana ETF, Canary XRP Trust ETF, and Bitwise XRP ETF, along with Grayscale Investments’ applications for XRP, DOGE, ADA, and LTC.
The SEC previously acknowledged the 19b-4 filings, a mandatory step to list any ETF on Wall Street. Following the Form 19b-4 application, the agency usually has 45 days (which can be extended to another 45 days) to decide on the proposed rule change. The SEC can further extend the timeline with …
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