#AltcoinETFsPostponed The US Securities and Exchange Commission (SEC) has postponed decisions on several altcoin exchange-traded funds (ETFs), including those for Solana, XRP, Litecoin, and Dogecoin. This delay affects multiple applications from firms like VanEck, Canary Capital, Grayscale, Bitwise, and 21Shares.
*Delayed ETF Applications:*
- *Solana ETFs*: VanEck's Spot Solana ETF, Canary's Solana ETF, and 21Shares' Solana ETF
- *XRP ETFs*: Grayscale's Spot XRP ETF, Canary's Spot XRP ETF, and Franklin Templeton's XRP ETF
- *Litecoin ETF*: Canary's Spot Litecoin ETF
- *Dogecoin ETFs*: Grayscale's Spot Dogecoin ETF and Bitwise's Dogecoin ETF
The SEC cited the need for more time to evaluate proposed rule changes and potential market impact. Analysts remain optimistic about eventual approval, with some predicting high chances of approval for certain altcoin ETFs, such as Solana (85%). Final deadlines for these ETFs extend into October 2025 ¹ ².
*Why the Delay?*
The SEC's cautious approach to cryptocurrency regulation and internal changes, including a vacant seat on the leadership team, may be contributing to these delays. Some experts speculate that the SEC is delaying certain applications to allow more time for internal discussions or to address criticism of its stance on cryptocurrency regulation ³.$ALGO