On April 29, 2025, the U.S. Securities and Exchange Commission (SEC) announced the postponement of its decisions regarding several exchange-traded funds (ETFs) linked to alternative cryptocurrencies, including XRP, Dogecoin, Solana, and Hedera. New dates for reviewing these applications have been set in June and October of this year, with final decisions expected by October 2025.

This postponement is attributed to the need for more time to assess the proposals and address the regulatory issues raised, which is a standard procedure in such cases. Although these delays may increase uncertainty among investors, analysts see this step not necessarily as an indication of rejection of the applications, but rather as a cautious approach by the commission in handling financial products linked to digital currencies.

It is noteworthy that these delays come amid changes in the leadership of the commission, with Gary Gensler recently taking over as chair, which may affect the commission's future direction regarding the regulation of digital currencies.

In conclusion, while the SEC continues to review these applications, investors and observers remain on the lookout for the commission's final decisions, which will determine the future of exchange-traded funds linked to alternative cryptocurrencies in the U.S. market.