US SEC Withdraws Delay Notices for Multiple Crypto ETFs
- The US SEC has withdrawn delay notices for crypto ETFs including Solana (SOL), XRP, and Hedera (HBAR).
- Final approval deadlines for these ETFs are set for October, coinciding with new listing standards effective October 1.
- The upcoming Cardano (ADA) and Litecoin (LTC) ETFs are also impacted by this decision.
- The REX-Osprey ETH + Staking ETF has begun trading, providing direct exposure to Ethereum while distributing staking rewards.
- In the last day, XRP’s price increased by over 4% to $2.90, while SOL rose more than 3% to $210.
- HBAR also saw a price increase of over 2%, currently trading at $0.2152.
The SEC’s withdrawal of delay notices signals a significant step towards the approval of various crypto ETFs, which could enhance market liquidity and investor interest in digital assets.
As a result of this news, XRP is trading at $2.90 after a notable price jump, reflecting growing enthusiasm in the cryptocurrency market.(Source)
