On April 30, 2025, the crypto community faced yet another delay: the U.S. SEC postponed its decision on several spot ETFs for altcoins, including Polkadot, XRP, Dogecoin, and Hedera. According to Cointelegraph, the regulator pushed the deadlines to June 2025, citing the need for additional time for analysis. This decision pertains to applications from Grayscale, Bitwise, Franklin Templeton, and Canary Capital, which are seeking to list altcoins on U.S. exchanges.
Delays are causing concern as approximately 70 ETF applications await approval, covering Solana, Cardano, BNB, and other tokens. Bloomberg analysts note that the demand for altcoin ETFs may be significantly lower than for Bitcoin or Ethereum due to their volatility and lower institutional trust. At the same time, interest in crypto assets is rising: 80% of institutional investors plan to increase their investments in 2025.
The postponement of SEC decisions under Paul Atkins, who has a pro-crypto reputation, creates mixed expectations. The crypto community hopes for approval, but analysts warn: Bitcoin's dominance (64%) may delay the 'altseason'.
