#AltcoinETFsPostponed The US Securities and Exchange Commission (SEC) has postponed decisions on several altcoin ETFs, including ¹ ² ³:
- *Franklin Templeton's XRP ETF*: The SEC has delayed its decision until June 17, 2025, citing the need for additional time to evaluate the proposed rule change and address regulatory issues.
- *Bitwise's Dogecoin ETF*: The SEC has also postponed its decision on this ETF, with the new deadline expected to be set in June 2025. The delay is part of the standard regulatory process, and analysts believe it doesn't necessarily signal rejection.
- *Other Altcoin ETFs*: The SEC is reviewing dozens of other crypto ETF proposals, including those for Solana, Litecoin, and other assets. Approximately 70 crypto ETFs are awaiting review.
*Reasons for Delay*
The SEC's delays reflect a cautious approach to approving investment products for assets beyond Bitcoin and Ethereum. Key factors being considered include ²:
- *Market Surveillance*: Ensuring mechanisms are in place to detect and prevent market manipulation.
- *Custody*: Verifying secure storage methods for underlying assets.
- *Valuation*: Establishing reliable and transparent pricing methods.
*Impact on Market*
The delays have led to a neutral or slightly negative sentiment among traders, but analysts believe the applications are still under active review, keeping the possibility of approval alive ².