US inflation is down. SEC delays its decision on altcoin ETFs

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While the FUD on the market hasn’t disappeared completely over the past seven days, some positive changes have been spotted this week. Hence, let’s explore what has occurred in the recent week on the crypto market 👇

quick weekly news

US economy news

Some positive changes have emerged in the U.S. economy, as the Bureau of Labor Statistics released a report indicating that inflation in America will decrease by 0.2%, bringing it down to 2.8%. This result was 0.1% better than forecasted by many economic analysts, who had projected a 2.9% inflation rate in the U.S.

This news has sparked optimism in both the U.S. financial and crypto markets, as declining inflation suggests that the Federal Reserve (FED) may start lowering interest rates earlier than analysts had expected. As a result, Bitcoin surged by 2.5% within minutes of the announcement and is currently hovering near the $83K level.

Source: GoodCrypto

Nevertheless, despite some localized improvements in the U.S. economy, the overall outlook remains concerning. Both the market and the FED anticipate new tariff wars from the U.S., which could drive inflation higher. Meanwhile, other key indicators, such as the Consumer Confidence Index, remain at their lowest levels since 2022.

Additionally, many economists and reputable investment firms, such as JPMorgan, have raised their estimates of the likelihood of a U.S. recession:

• JPMorgan increased the probability from 30% to 40%.
• Goldman Sachs raised it from 15% to 20%.
• Yardeni Research adjusted its estimate from 20% to 35%.

Interestingly, some analysts have suggested that Trump may have intentionally crashed the markets to pressure the FED into implementing rate cuts sooner, only to later pump the markets. However, it remains questionable whether such a strategy would push inflation entirely out of the FED’s control and how it would impact the markets in the long run.

SEC delays decision on XRP, Solana, Litecoin, Dogecoin ETFs

At the same time, from the perspective of crypto adoption, the U.S. hasn’t made progress this week, as the SEC delayed its decision on XRP, Solana, Litecoin, and Dogecoin ETFs. On March 11th, the SEC published a response to multiple altcoin ETF applicants, requesting “a longer period” to decide on the approval of these ETFs. According to U.S. law, the SEC has the right to extend the decision-making period for certain policy or regulatory changes. This time, it has used that window to delay its decision by 45 days from the date of its response.

Nevertheless, despite the delays, Bloomberg ETF analyst James Seyffart said he doesn’t see it as a cause for concern, and his odds of the approval of altcoin ETFs remain relatively high. Moreover, he noted that Paul Atkins – Trump’s pick for the new head of the SEC – has not yet been confirmed, which is why the agency likely needs more time to onboard the new chairman and establish a direct policy on cryptocurrency and future ETF approvals.

This view was echoed by another Bloomberg ETF analyst, Eric Balchunas, who pointed out that not only altcoin ETFs but “everything” was delayed that day, including $ETH staking and in-kind transactions. “It’s like the NYC-bound Amtrak on Monday morning: Mechanical issues in DC.”

VanEck registers Avalanche ETF in the US

Talking about the ETF application, the asset manager VanEck has registered a new cryptocurrency investment product called VanEck Avalanche ETF in Delaware. This marks the first known case of a spot $AVAX ETF application in the U.S.

Notably, this is not VanEck’s first move in the digital asset space – it was also among the first to apply for a Solana ETF in June 2024. Additionally, it was one of the first funds to file for a spot Bitcoin ETF in 2024 and launched a Bitcoin futures ETF as far back as 2017.

The development has already been commented on by ETF Store and ETF Prime president Nate Geraci, who called it a “smart move.” However, it remains uncertain whether the SEC will approve this application. Unlike previous altcoin ETFs, Avalanche hasn’t been drawing significant attention from the crypto community and is currently not in the best market state. As of now, it is trading near its two-year low of $17 and has dropped to 17th place by market cap, losing its spot in the top 10 cryptocurrencies.

Source: GoodCrypto

Nevertheless, this move is still a positive signal for both the $AVAX market and the VanEck fund, as it generates additional interest from both crypto and traditional investors.

Senator Lummis’ new BITCOIN Act allows US reserve to exceed 1M Bitcoin

On March 11, 2025, Republican Senator Cynthia Lummis reintroduced the Bitcoin Act, which was first proposed in July 2024. According to the original Act, Lummis directed the U.S. government to purchase over 200,000 BTC over the next five years to establish a 1M BTC strategic reserve. As of now, 1M Bitcoin would equal an investment of approximately $83B.

However, with the reintroduced Bitcoin Act, the proposed Bitcoin reserve is now likely to exceed 1M BTC, as additional Bitcoin may be acquired through lawful means other than direct purchase – such as civil or criminal forfeitures. This decision appears to have been inspired by Donald Trump’s recent statement about creating a national strategic Bitcoin reserve, not by purchasing new Bitcoin but rather by retaining confiscated BTC obtained through legal processes.

“By transforming the president’s visionary executive action into enduring law, we can ensure that our nation will harness the full potential of digital innovation to address our national debt while maintaining our competitive edge in the global economy,” Lummis said in an interview with The Bitcoin Policy Institute.

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