#AltcoinETFsPostponed

The U.S. Securities and Exchange Commission (SEC) has delayed decisions on several altcoin spot ETFs, including those for Solana (SOL), XRP, Litecoin (LTC), Dogecoin (DOGE), and Hedera (HBAR). This delay affects several applications from companies such as VanEck, Canary Capital, Grayscale, Bitwise, and 21Shares.

*Delayed ETF Applications:

- *Solana ETF*: VanEck's Solana Spot ETF and 21Shares Solana ETF

- *XRP ETF*: Grayscale's XRP Spot ETF and Franklin Templeton's XRP ETF

- *Litecoin ETF*: Canary's Litecoin Spot ETF

- *Dogecoin ETF*: Grayscale's Dogecoin Spot ETF and Bitwise's Dogecoin ETF

- *Hedera ETF*: Undetermined applications

*Reasons for Delay:

The SEC cites the need for additional time to evaluate proposed rule changes and potential market impacts. Analysts believe that this delay reflects the SEC's cautious approach to non-Bitcoin crypto assets.

*Market Expectations:*

Despite the delay, experts remain optimistic about upcoming approvals. Bloomberg ETF analyst James Seyffart noted that delays are standard procedure, and the final deadline for these ETFs has been extended to October 2025. Nate Geraci, president of The ETF Store, also expects approvals to come this year, with an 85% likelihood for the approval of the SOL spot ETF ² ¹ ³.