#AltcoinETFsPostponed
The US Securities and Exchange Commission (SEC) has postponed decisions on several altcoin spot ETFs, including those related to Solana (SOL), XRP (XRP), Litecoin (LTC), and Dogecoin (DOGE). This delay affects multiple filings from firms like Grayscale, Canary, and 21Shares.
*Delayed ETF Filings:*
- *Solana ETFs:* 21Shares, Canary, and VanEck's Solana ETFs have been delayed.
- *XRP ETFs:* Canary Capital, Bitwise, and 21Shares' XRP ETFs are among those postponed.
- *Litecoin ETF:* Canary's spot Litecoin ETF filing has been delayed.
- *Dogecoin ETF:* Grayscale's Dogecoin ETF filing is also affected.
*Analysts' Perspectives:*
- Bloomberg ETF analyst James Seyffart views these delays as standard procedure, maintaining that the approval odds for these altcoin ETFs remain relatively high, with final deadlines stretching into October.
- Eric Balchunas, another ETF analyst, notes that "everything delayed," including ETFs featuring Ether staking and in-kind redemptions.¹ ² ³
*Market Expectations:*
- Despite the delays, some market participants believe that the SEC will approve spot ETFs for altcoins by 2025, with predicted approval rates including:
- *SOL:* 85%
- *XRP:* Following SOL, with LTC, DOGE, and ADA also having notable approval rates
The SEC's cautious approach to cryptocurrency regulation has led to uncertainty among investors and issuers. However, some analysts remain optimistic about the potential approval of these ETFs, citing improving regulatory conditions.
