Valkyrie Asset Management has decided to postpone its purchase of Ether futures contracts, awaiting approval from the United States Securities and Exchange Commission (SEC) for its proposed exchange-traded fund (ETF) related to Ether. This unexpected move by Valkyrie, along with delays in approving cryptocurrency-related ETFs by the SEC, adds to the uncertainty in the cryptocurrency market. The SEC’s decisions may also be influenced by broader governmental issues, such as the need to pass a bill to prevent a government shutdown. Additionally, the SEC is exploring a surveillance-sharing agreement with cryptocurrency exchange Coinbase to address fraud and market manipulation concerns. These recent developments highlight the complex and evolving nature of cryptocurrency regulation and pose challenges for investors and market participants.
AI Sentiment: Negative
