#AltcoinETFsPostponed It appears the review period for several altcoin Exchange Traded Funds (ETFs) has been postponed by the U.S. Securities and Exchange Commission (SEC). Here's a breakdown of what's happening:
Key Developments:
* Multiple Delays: The SEC has recently delayed decisions on spot ETFs for several altcoins, including:
* XRP: The decision on Franklin Templeton's spot XRP ETF has been pushed to June 17, 2025.
* Dogecoin (DOGE): The decision on Bitwise's Dogecoin ETF has been delayed until June 15, 2025. A 21Shares Dogecoin ETF listing on Nasdaq has also been proposed.
* Solana (SOL): Applications from Canary, VanEck, and 21Shares for Solana ETFs have also faced delays.
* Polkadot (DOT) & Hedera (HBAR): Decisions on Grayscale's Polkadot Trust conversion and Canary's HBAR ETF are now expected by June 11, 2025.
* Litecoin (LTC): Filings for Litecoin ETFs have also been postponed.
* Reason for Delay: The SEC has cited the need for more time to evaluate the proposed rule changes and address the regulatory issues raised in the filings. This is consistent with standard procedure for ETF reviews.
* Analyst Perspectives:
* Bloomberg ETF analyst James Seyffart described these delays as "standard procedure" and doesn't believe they negatively impact the ultimate likelihood of approval. He noted that many of these applications have final deadlines in October 2025 or later.