The US Securities and Stock Exchange Commission (SEC) announced that the Spot Solana (left) and Spot XRP stock exchange investment fund (ETF) made by Franklin Templeon has extended the evaluation time. This development took place after SEC wanted to analyze and examine more for both products. The decision dates of the relevant applications were postponed to the newly determined calendars by the Commission.
Left and XRP ETF decision
The SEC said that he needs a more comprehensive review of spot -based Solana and XRP ETF products. These ETF products, which are carefully followed by the market of Franklin Templeton, are met with interest among both individual and corporate investors. The decision of the Commission’s postponement will probably continue until the last date and we have seen the same things in BTC and ETH ETF processes.
SEC’s extending the decision process is not a worrying about the regulation of crypto currency -based financial products. In particular, the crypto -friendly view of the Trump administration and the fact that the new SEC administration does not accept all the altcoins as “securities” is the right reasons for investors who expect approval.
In his statement on the issue, “More analysis and evaluation is needed for both applications, so the decision period has been extended.” He gave his statements.
Franklin said that they closely follow the SEC’s extension decision and that they would continue to cooperate in order to meet all legal requirements.
Franklin Templeton officials, “We understand the extensive examination of our applications by the SEC and support the process.” he said.
The importance of ETF products in the market
Spot -based ETF products are considered an important tool in integrating crypto currencies into the capital markets. The approval of these products is critical for the adoption of crypto markets by more investors. The SEC’s decision to postpone seems to continue until November.
The crypto currency industry has been closely monitored with the expectation of increasing institutional investments and expanding legal regulations. The final decision to be made by the SEC is likely to trigger strong entries similar to what we see during the BTC and ETH ETF process. Altcoin ETFs, which have reached billions of dollars and reserves, will convince new investors about the real value of these assets and attract larger liquidity waves.
The US Securities and Stock Exchange Commission’s extending the evaluation process of Franklin Templeton’s Solana and XRP -based ETF applications shows that regulatory institutions are cautious about digital asset products. Whether these products, which have the potential to open the door of new opportunities for investors, will be presented to the market, will be shaped depending on the final decisions to be taken. While the waiting of the markets continues, the passage of crypto currency -based financial products from the regulatory processes in the USA may also be decisive for the general trust and investment initiatives for the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
