Okay, folks, buckle up! The SEC just dropped a pretty typical bomb – delaying decisions on a whole bunch of spot crypto ETFs. Franklin’s SOL and XRP plays? Delayed. Grayscale’s HBAR ETF? Yep, delayed. Even Bitwise’s DOGE ETF is stuck in limbo. They’ve also kicked the can down the road on some Ethereum staking proposals from Franklin and Fidelity, plus Invesco Galaxy’s physically settled Bitcoin and Ethereum ETFs. Seriously, the SEC is playing games.
But here’s the kicker, and listen up because this is important: Nate Geraci, a legit ETF guru over at The ETF Store, isn’t even remotely worried. He’s saying, and I quote, he still believes all of these ETFs will get approved this year. And honestly? I’m with him.
Let’s break down why this SEC dance is ultimately bullish.
Firstly, these delays are standard. The SEC loves to drag its feet; it’s practically their hobby. It’s a tactic to gather more comment and ensure everything is ‘just so’, even if that feels like deliberate obstruction.
Secondly, the precedent set with the recent Bitcoin ETF approvals is massive. The SEC is already bending – or, let’s be real, breaking – a little. They’ve shown they’re willing to yield to market pressure.
Finally, the sheer volume of applications is a strong signal. Big players are clamoring for a piece of the crypto pie, and the SEC can’t ignore that forever. This isn’t a ‘if’ anymore, it’s a ‘when.’ I’m putting my money where my mouth is – keep a close eye on these ETFs. They’re poised for approval, and it’s going to be a game changer.
