The post Inside the SEC’s Strategy: Synchronizing Crypto ETF Approvals for 2023 appeared first on Coinpedia Fintech News
Recently, the U.S. Securities and Exchange Commission (SEC) has delayed decisions on pivotal applications in the cryptocurrency ETF sector. This includes Hashdex’s proposal to convert its Bitcoin Futures ETF into a spot ETF and Grayscale’s new futures-based Ether ETF application.
Speaking to CoinDesk, Quinn Thompson, Maple Head of Growth and Capital Markets, shed light on the SEC’s postponement strategy. According to Thompson, this delay is an organizational move by the SEC to align multiple ETF applications for a simultaneous launch in January. He indicated that this coordination is likely due to the SEC seeking clarity, especially amidst concerns about a potential government shutdown.
Thompson explained, “The SEC intends to prepare all applications for a collective launch, similar to what we observed with the Ethereum Futures ETF last month. This means th
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