#AltcoinETFsPostponed SEC postpones approval of several spot cryptocurrency ETFs again! What are the chances of approval this year?
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SEC postpones approval of several spot cryptocurrency ETFs again! What are the chances of approval this year?
Source Tradingkey
April 29, 2025, 11:50 PM
TradingKey - The SEC has postponed decisions on several altcoin spot ETFs. However, the market, in general, believes that approval will occur in 2025.
On April 29, Eastern Time, the SEC postponed decisions on various cryptocurrency spot ETFs. This includes SOL, XRP, HBAR, and DOGE. Recently, the SEC also postponed a decision on DOT.
Bloomberg ETF analyst James Seyffart commented: "This was expected. Most of these applications have a deadline in October 2025 or later."
Despite the delays, Nate Geraci, president of The ETF Store, remains optimistic. He stated: "These products will be approved this year."
Currently, the market believes there is a great chance that the SEC will approve spot ETFs for altcoins by 2025. Data shows that the approval rate for the SOL spot ETF is 85%, making it the highest. Following SOL are XRP, LTC, DOGE, and ADA.
Investor expectations regarding the likelihood of approval for spot altcoin ETFs, source: Polymarket.
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