📉 Delay of Exchange-Traded Funds for Alternative Cryptocurrencies (Altcoin ETFs): Overview
The U.S. Securities and Exchange Commission (SEC) has announced the postponement of its decisions regarding several exchange-traded funds (ETFs) related to alternative cryptocurrencies, including XRP, Solana, Dogecoin, and Litecoin.
⏳ New Decision Dates
XRP: The decision on Franklin Templeton's XRP ETF has been postponed to June 17, 2025.
Dogecoin: A new decision date has been set for June 15, 2025.
Solana and Litecoin: Decisions regarding these funds are expected to be made by October 2025.
🔍 Possible Reasons for Delay
Leadership Change at the SEC: The delays are believed to be related to waiting for the confirmation of a new chairperson for the agency, Paul Atkins, which may affect the agency's future directions.
Standard Regulatory Procedures: Analysts view these delays as consistent with the agency's pattern in handling ETF requests, as previous decisions were delayed before approving Bitcoin and Ethereum funds.
📈 Market Outlook
Despite the delays, optimism remains among analysts regarding the approval of these funds in the near future. Some analysts estimate that the likelihood of approving Solana and Litecoin funds reaches 90% in 2025.
