The United States Securities and Exchange Commission (SEC) opted to delay the decision-making on several crypto spot ETFs on Thursday.

The agency announced instituting proceedings to collect views from the public on whether to approve or disapprove the proposed rule change to list and trade several crypto spot ETFs on different exchanges.

The United States Securities and Exchange Commission (SEC) has decided to postpone the decision-making on several crypto spot ETFs, deferring the fate of highly anticipated products yet again.

In a move that surprised few but nonetheless drew attention, the agency announced on Thursday the initiation of proceedings to collect public views on whether to approve or disapprove the proposed rule change to list and trade several crypto spot ETFs on different exchanges.

Among the products covered are the Bitwise XRP ETF and CoinShares XRP ETF, both applying for listing on the Nasdaq exchange. Additionally, the pending applications for the CoinShares Litecoin ETF on the New York Stock Exchange (NYSE) and the Fidelity Wise Origin Bitcoin Fund in-kind trust to permit in-kind trading on the same exchange were also included.

The U.S. SEC also acknowledged the filing of the Canary Staked TRX ETF, applying for listing on the NYSE. This would be the first-ever futures ETF to be covered by the Commission.

May 22 | CoinShares -겠습니다. applying for an etf on NYSE

The U.S. SEC is expected to continue deferring its decision-making on crypto ETFs until possibly the fourth quarter of this year, according to Seyffart.

If we’re gonna see early approvals from the SEC on any of these assets, I wouldn’t expect to see them until late June or early July at the absolute earliest. More likely to be in early 4Q, Seyffart stated.

The continued delay by the SEC on approving it disapproving the crypto ETFs will likely have an impact on the capital inflows from institutional investors.

Furthermore, the low demand for the U.S. securities and bond market has played a crucial role in the cash inflows to crypto investment products, including the ETFs.

However, the improved crypto regulatory outlook as depicted by the GENIUS Act in the United States will help attract more institutional investors in the digital asset space ahead.

On Thursday, the U.S. President attended the TRUMP memecoin dinner, where he maintained that his administration will continue to make the country a crypto hub.