The SEC just hit the pause button on two major altcoin ETF proposals: Bitwise’s Dogecoin ETF and Franklin Templeton’s XRP fund. A final decision is now pushed to mid-June, leaving traders and asset managers hanging as they look to expand beyond Bitcoin.
This delay comes as big players like Bitwise, Grayscale, Franklin, and 21Shares are actively pushing for spot ETFs tied to Solana, Litecoin, Cardano, and even NEAR Protocol. All of this momentum follows the bullish approval wave sparked by Bitcoin ETFs—and gets a boost from the current crypto-friendly stance of the Trump administration.
But despite the rising optimism, the SEC remains cautious. Even top 10 coins like DOGE and XRP, by market cap and volume, are still facing hurdles—especially after Ethereum’s ETF win didn’t quite ignite the altcoin rally many had hoped for.
Bottom line? The fight for altcoin ETF approvals is heating up, but the road ahead is still full of regulatory speed bumps. Stay locked in.
