#AltcoinETFsPostponed The U.S. Securities and Exchange Commission (SEC) has recently postponed decisions on several altcoin-based exchange-traded funds (ETFs), including those for XRP, Solana (SOL), Dogecoin (DOGE), and Ethereum staking products. These delays are part of the SEC's standard review process and are not necessarily indicative of a rejection.

⏳ New Review Deadlines

Franklin Templeton’s Spot XRP ETF: The SEC has extended the review period to June 17, 2025, to allow for a more comprehensive evaluation of the proposal.

Bitwise’s Spot Dogecoin ETF: The decision on this application has been postponed until June 15, 2025, citing the need for additional analysis.

Solana ETFs: Applications from firms like VanEck and Franklin Templeton are also under extended review, with final decisions potentially pushed to October 2025.

🏛️ Regulatory Context

These postponements coincide with a leadership transition at the SEC, as Paul Atkins awaits Senate confirmation to assume the role of SEC Chair. Analysts suggest that the SEC may be deferring major crypto ETF approvals until new leadership is in place.

Despite the delays, industry experts remain optimistic. Bloomberg ETF analysts James Seyffart and Eric Balchunas consider these extensions procedural and anticipate a higher likelihood of approvals later in the year, especially after the new chair is confirmed.

📉 Market Impact

The immediate market reaction to these delays has been relatively muted, as such postponements were largely anticipated. For instance, XRP experienced a modest decline of approximately 3% following the announcement.