TechFlow news, May 23 — According to Bloomberg analyst James Seyffart, the U.S. Securities and Exchange Commission (SEC) recently announced delays in its decisions on several cryptocurrency ETF applications. The postponement affects Bitwise's and CoinShares' XRP ETF filings, LTC ETF applications, and Fidelity's physical Bitcoin application. Meanwhile, the SEC has confirmed acceptance of Canary Funds' staking TRX application, one of the few positive developments.
Seyffart stated that if the SEC were to approve these new asset classes earlier than expected, the earliest possible timing would be late June or early July, though a decision is more likely in early Q4.
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