The highly anticipated decision on the Altcoin ETFs has been postponed, creating a stir in the cryptocurrency market. The SEC has announced a delay in the review process for several spot ETFs, including those for XRP, Solana, and Dogecoin. The Franklin Templeton XRP ETF now has a decision deadline of June 17, 2025, while Bitwise's Dogecoin ETF faces a deadline of June 15.
This delay follows a pattern seen with previous Bitcoin and Ethereum ETF applications, which also experienced procedural extensions. Analysts suggest this does not necessarily indicate a rejection but rather a standard part of the SEC's evaluation process. The market remains hopeful, with many anticipating potential approvals later in the year, especially with the new SEC Chair, Paul Atkins, seen as more crypto-friendly.
