#AltcoinETFsPostponed The US Securities and Exchange Commission (SEC) has postponed its decision on several altcoin spot exchange-traded funds (ETFs), including those for XRP, Litecoin, Solana, and Dogecoin. This delay is part of the standard regulatory review process, according to Bloomberg ETF analyst James Seyffart, who notes that such extensions don't necessarily affect the likelihood of approval ¹.
*Postponed ETF Applications:*
- *XRP ETFs*: Filed by Canary Capital, Bitwise, and 21Shares, with Franklin Templeton's spot XRP ETF decision delayed until June 17, 2025.
- *Solana ETFs*: Filed by 21Shares, Canary, and VanEck, with decisions delayed until further notice.
- *Litecoin ETF*: Filed by Canary Capital, with decision delayed.
- *Dogecoin ETF*: Filed by Bitwise, with decision delayed, potentially due to the SEC's need to understand its market structure and potential for manipulation.
*Reasons for Delay:*
- The SEC requires more time to evaluate proposed rule changes and address regulatory issues.
- Ensuring investor protection and market integrity.
- Setting precedents for future altcoin ETF applications ² ³ ¹.
*Impact on Market:*
- The delay may cause short-term uncertainty and potentially affect prices.
- Analysts remain optimistic about approval odds, citing precedents set by Bitcoin and Ethereum ETFs.
- XRP price dropped below $2.30 after the announcement but has shown resilience, trading at approximately $2.24 with a 7% increase over the past week ³.
