SEC推遲對Solana和Litecoin ETF的決定

在加密貨幣宇宙中，並非總是創新來製定步伐，而是SEC的決定。通過推遲對Solana和Litecoin ETF的評論

In the vast universe of crypto, it's often not innovations that set the pace, but rather the decisions of the SEC. By postponing once again the review of the Solana and Litecoin ETFs, the American regulator is reminding us that no altcoin will cross the door to institutional markets without its approval.

在廣闊的加密宇宙中，通常不是創新的創新，而是SEC的決定。通過再次推遲對Solana和Litecoin ETF的審查，美國監管機構提醒我們，未經其批准，沒有Altcoin會越過機構市場。

While these delays are fueling speculation and highlight a regulation that could change the game, other deadlines are quickly approaching. June will see the fates of Polkadot, XRP, and Dogecoin decided.

儘管這些延誤正在加劇猜測，並強調了一項可能改變遊戲的法規，但其他截止日期也很快即將到來。六月將決定Polkadot，XRP和Dogecoin的命運。

The SEC postpones its decision on the Solana ETF

SEC推遲其對Solana ETF的決定

The SEC has officially postponed its decision regarding the highly anticipated Solana spot ETF proposed by Grayscale. According to documents filed by the regulator, the deadline is now set for October 2025.

SEC已正式推遲了有關Grayscale提出的備受期待的Solana Spot ETF的決定。根據監管機構提交的文件，截止日期現在定於2025年10月。

Such a postponement comes barely a week after another adjournment, that of the Litecoin ETF filed by Canary Capital.

這種推遲在另一次休會後僅一周，即Canary Capital提交的Litecoin ETF。

As summarized James Seyffart, analyst at Bloomberg Intelligence, in a post on X dated May 5 :

正如彭博情報分析師James Seyffart總結在5月5日X上的一篇文章中：

“The SEC has postponed its decision on the Litecoin ETF. No surprise, but the signal remains negative in the short term.”

“ SEC已將其決定推遲了Litecoin ETF的決定。毫不奇怪，但是在短期內，信號仍然是負面的。”

Indeed, these delays, although predictable, trigger questions in a market where institutional interest in crypto products continues to grow. Spot ETFs are seen as key instruments to channel investment flows into cryptos.

確實，這些延誤雖然可以預測，但仍會在機構對加密產品的興趣繼續增長的市場中引發問題。現場ETF被視為將投資流向加密貨幣的關鍵工具。

Here are several major points highlighting the importance of these decisions :

以下是一些重點，強調了這些決定的重要性：

In this context, the SEC’s caution contrasts with market expectations, which heightens the tension between regulation and innovation.

在這種情況下，美國證券交易委員會的謹慎與市場期望形成鮮明對比，這加劇了監管與創新之間的張力。

Imminent decisions for Polkadot, XRP, and Dogecoin

Polkadot，XRP和Dogecoin的迫在眉睫的決定

While Solana and Litecoin see their hopes postponed, other projects enter the regulatory decision zone. According to recent documents published, the SEC must rule in June on several other crypto ETFs.

儘管Solana和Litecoin看到他們的希望推遲了，但其他項目進入了監管決策區。根據最近發布的文件，SEC必須在6月對其他幾個加密ETF進行統治。

On June 11, it will be the Grayscale Polkadot ETF that will be reviewed. Two weeks later, on June 24, it will be 21Shares’ turn to defend its own Polkadot ETF. Additionally, a deadline is also set for June 17 for the Franklin Templeton XRP ETF and the Bitwise Dogecoin ETF.

6月11日，將審查的灰度Polkadot ETF。兩週後的6月24日，將是21股捍衛自己的Polkadot ETF的轉彎。此外，富蘭克林·鄧普頓XRP ETF和Bitwise Dogecoin ETF也將於6月17日設定截止日期。

These dates, although official, are not irrevocable. The SEC legally has a total of 240 days to decide, and it does not hesitate to use this margin, as shown by the cases of the Bitcoin and Ethereum ETFs.

這些日期雖然是官方的，但並非不可撤銷。 SEC合法地有240天的決定，並且使用此邊緣毫不猶豫，如比特幣和以太坊ETF的情況所示。

This phenomenon of “regulatory procrastination” is now well documented. The SEC systematically delays without necessarily issuing an explicit refusal, which maintains uncertainty and temporarily freezes short-term hopes.

現在，“監管拖延”現像已被充分記錄。 SEC系統地延遲了不一定會明確拒絕，這保持了不確定性並暫時凍結了短期希望。

Such a strategy could also apply to the Polkadot, XRP, and DOGE ETFs, even if no official indication confirms this for now.

這種策略也可以適用於Polkadot，XRP和Doge ETF，即使目前沒有官方跡象可以證實這一點。

This tense and uncertain regulatory climate is not without consequences on investors’ strategies and the institutional perception of the concerned assets. If the SEC continues to slow the process, it could hinder the widespread adoption of certain cryptos that heavily rely on exposure via ETFs to attract large funds. Conversely, a series of approvals in June could trigger a new wave of capital inflows.

這種緊張而不確定的監管氣候並非對投資者的戰略和對有關資產的製度看法沒有任何影響。如果SEC繼續減慢過程，它可能會阻礙某些嚴重依賴ETF暴露以吸引大量資金的某些加密貨幣的廣泛採用。相反，6月份的一系列認可可能會引發新的資本流入。