$SOL The Securities and Exchange Commission has postponed five proposals for cryptocurrency exchange-traded funds, including the Bitwise Dogecoin fund, the Franklin Templeton XRP fund, the Franklin Templeton Solana fund, the Grayscale HBAR fund, and a proposal to add a staking mechanism for Franklin Templeton and Fidelity's Ethereum funds.

These postponements reflect a deeper hesitation towards cryptocurrencies as most of them still lack a strong derivatives market, and the commission wants to ensure investor protection from manipulation risks and high price volatility.

For example, the price of Dogecoin dropped more than four percent after the announcement of the postponement, and investors withdrew $16 million from Solana within 24 hours.

If we look at the forecasts, the Litecoin fund is expected to be the one approved first with the highest chance according to Bloomberg, as Litecoin is an established coin with high liquidity and an active derivatives market, making it a lower-risk option.

The commission uses this mechanism to gauge public opinion and protect the market, while many are optimistic that approvals for Litecoin, Bitcoin, and Ethereum spot ETFs will support the market in the long term #AltcoinETFsPostponed