Crypto Prices Rise as SEC Delays Spot ETF Decisions, Keeping Hopes Alive
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Crypto prices continued rising, including Bitcoin up 6% and meme coins Dogecoin and Shiba Inu up 4-6%.
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Algorand surged over 11% and Lido DAO defied gravity with 5.5% gains.
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SEC delayed decisions on converting a Bitcoin futures ETF to a spot ETF and approving a new spot Ethereum ETF.
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Spot crypto ETFs are in demand as they allow direct crypto investment, unlike current futures ETFs.
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SEC delays keep spot crypto ETF hopes alive, with many companies vying for approval.