US stock exchange supervision shifts decision on Grayscales AdA and AVAX-Spot ETF applications

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US-Börsenaufsicht verlängert Prüfung von Grayscales ADA- und AVAX-Spot-ETF-Anträgen Die US-Börsenaufsichtsbehörde (SEC) hat beschlossen, mehr Zeit für die Entscheidung über die Spot-ETF-Anträge von Grayscale für die Kryptowährungen Cardano (ADA) und Avalanche (AVAX) einzuräumen. Dies wurde in einem offiziellen Bescheid der Behörde bekannt gegeben. Die Entscheidung zur Fristverlängerung ist Teil des regulativen Prozesses, den die SEC für …
US stock exchange supervision extends examination of Grayscales AdA and AVAX-Spot ETF applications The US stock exchange supervisory authority (SEC) has decided to gain more time to decide on GrayScale's spot ETF applications for the Cardano (ADA) and avalanche (AVAX) cryptocurrency. This was announced in an official decision by the authority. The decision to extend the deadline is part of the regulative process that the SEC for ... (Symbolbild/KNAT)

US exchange supervision extended examination of grayscales ada and avax-spot ETF applications

The US stock exchange supervisory authority (SEC) has decided to give more time to make Grayscale's spot-use applications for the cryptocurrencies Cardano (ADA) and Avalanche (AVAX). This was announced in an official decision by the authority.

The decision to extend the deadline is part of the regulative process that the SEC carries out for the examination of applications for stock markets traded funds (ETFs). Spot ETFs enable investors to invest directly in the underlying cryptocurrency and can promote broader acceptance and participation in the cryptoma market.

The SEC has expressed concerns about market integrity and investor protection in the past when it comes to approval of crypto ETFs. Therefore, the additional time granted to the supervisory authority is not unusual and reflects the ongoing discussions and considerations associated with the regulation of cryptocurrencies.

Investors and market observers are eagerly pursuing the developments related to Grayscale and the decision of the SEC, since approval for the spot ETFs could have a potentially far-reaching effects on the entire cryptocurrency landscape.

Overall, the situation around the Grayscale applications shows how complex and dynamically the regulatory process in the area of ​​cryptocurrencies is. It remains to be seen how the SEC will ultimately decide and what impulses this could have for the market.