#AltcoinETFsPostponed The US Securities and Exchange Commission (SEC) has postponed its decision on approving altcoin-based exchange-traded funds (ETFs), specifically for Dogecoin and XRP. The delay affects two proposals:

- *Bitwise's Dogecoin ETF*: Seeks to list a Dogecoin ETF on the NYSE Arca exchange.

- *Franklin Templeton's XRP ETF*: Aims to list an XRP ETF on the Cboe BZX Exchange.

The SEC has extended its review period to June 2025, citing the need for additional time to evaluate the proposed rule changes and address regulatory concerns. This move is seen as a procedural delay rather than a rejection, following a pattern similar to earlier Bitcoin and Ethereum ETF approvals.¹ ²

Other key points include³:

- *Approximately 70 crypto ETF applications*: Are pending review by the SEC, including proposals for ETFs holding XRP, Solana, Litecoin, Dogecoin, and other tokens.

- *Market impact*: The delay has caused uncertainty for investors, with XRP's price dropping below $2.30 after the announcement.

- *Expert insights*: Analysts suggest that while ETFs may increase visibility for cryptocurrencies, they don't guarantee investor interest, drawing parallels to music streaming services where visibility doesn't always translate to listens.