#AltcoinETFsPostponed The U.S. Securities and Exchange Commission (SEC) recently delayed making a final decision on the listing of exchange-traded funds (ETFs) for Dogecoin and XRP, reflecting the ongoing state of anticipation regarding the regulation of the digital assets sector in the United States.
The proposals submitted by NYSE Arca and Cboe BZX in March seek approval for funds for DOGE from Bitwise and XRP from Franklin Templeton.
However, the agency chose to postpone the decision until June, according to documents reviewed by Cointelegraph.
The step came in parallel with Nasdaq's filing for the listing of a Dogecoin fund from 21Shares, reflecting the accelerating pace of applications submitted by financial institutions to launch digital investment products, despite ongoing regulatory caution.
According to CoinGecko data dated April 29, the market capitalization of DOGE was approximately $26 billion, while XRP reached $133 billion, placing them at the forefront of alternative cryptocurrencies in terms of trading and value.
Notably, 2025 is witnessing a flood of applications for the listing of index funds for alternative coins, with the agency awaiting review of about 70 applications so far.
Bloomberg analyst Eric Balchunas said asset managers are now proposing funds that include everything "from XRP and Litecoin to meme coins like Penguins and 2x Melania."
It seems that the political climate is also influencing, as U.S. President Donald Trump pressures the agency to take a more flexible stance toward cryptocurrencies, in an attempt to attract the crypto community as elections approach.
Nevertheless, some experts believe that investors may show a lack of enthusiasm toward alternative coin funds compared to Bitcoin and Ethereum funds, which still retain their appeal in the markets. Balchunas commented, "Having an ETF for a coin, like putting your song on streaming services, does not guarantee success, but it opens the door to a wider audience."
While U.S. exchanges continue to adopt digital funds, they are urging the SEC to establish strict regulatory standards for digital assets, similar to those imposed on traditional securities, according to a message issued by Nasdaq on April 25.
