🚨The SEC has just continued to delay ruling on DOGE (Bitwise), HBAR (Grayscale) and AVAX (VanEck) spot ETF proposals. The SEC did not deny that the opening of the public comment procedure shows that the SEC wants to extend the evaluation period, especially on the risk of price manipulation of altcoins when pumping/dumping coins is still very easy even in 2025. This latest move by the SEC caused the tokens involved to react negatively: AVAX fell sharply from the $21 zone to below $19, HBAR fell to the $0.15 zone, and DOGE also lost almost 10%. Regarding the process, the SEC will open 21 days for comments and an additional 35 days for rebuttal. This is a familiar model that has been applied to spot ETFs of Ethereum and Solana. However, market sentiment may be affected in the short term when there is no clear decision.

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