The US Securities and Exchange Commission delayed the decision to report steak exchange transaction funds based on Tron (TRX) and to approve other encryption ETFs.
Thursday, sec Upload Notice that recognizes CBOE BZX Exchange’s 19B-4 submission of Canary Capital’s Staked TRX ETF.
The SEC said, “The committee is notified of this notice and is asking for opinions on changing the proposed rules of interest.”
canary contaminated In April, the registration statement for the Staked ETF was registered as Fund Custodian. The company submitted ETFs to track several other altcoins, including SUI, HEDERA and Litecoin.
TRX is a basic cryptocurrency of TRON Blockchain, founded by entrepreneur Justin Sun in 2017. The cryptocurrency has a market cap of $ 26 billion, and is currently the 10th largest encryption. Block encryption price page.
It was delayed as expected
On the other hand, the committee includes Bitwise’s Spot XRP ETF, Coinshares’ SPOT XRP ETF and SPOT LITECOIN ETF and Fidelity on -site Bitcoin ETF Filing, Bloomberg Intelligence ETF Analyst. I pushed back the deadline for the password ETF proposal. Sayed X.
The SEC has delayed the weight of dozens of proposals over the past few months, delaying and requesting dozens of proposals, and assuming that the Trump administration’s cryptocurrency is less negative.
Seyffart previously spoke in the X post.
“If we can see the SEC’s early approval for these assets, we will not expect to see this absolute early in the end of June or early July,” Seyffart said. “It’s likely to be in the early fourth quarter.”
Analyst added that it was generally full time to determine the ETF proposal until the SEC generally had a closer deadline.
“The initial decision will be an action from the standard,” said Seypart. “No matter how ‘this SEC is encrypted’.
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