Bloomberg 'US SEC, Altcoin ETF evaluation results expected to be released around October'

There are predictions that the final decision on Altcoin-based ETF under review by the United States Securities and Exchange Commission (SEC) will be after October. According to CryptoSlate, Bloomberg ETF specialist analyst James Seyffart stated, “Most of the Altcoin ETF review deadlines are scheduled after October” and “SEC is likely to further extend the review deadline for the remaining 72 Cryptocurrency ETF applications.”

This is due to the SEC already extending the review period for five Cryptocurrency ETF cases the previous day, increasing the possibility of ongoing uncertainty regarding the approval of Altcoin ETFs for the time being. In the Cryptocurrency market, following Spot ETF, the approval of Altcoin ETF is cited as a factor that could have a significant impact on the market overall.