#AltcoinETFsPostponed #AltcoinETFsPostponed
#AltcoinETFsPostponed — SEC delays decisions on cryptocurrency ETFs
The U.S. Securities and Exchange Commission (SEC) has once again delayed its decisions on several altcoin ETFs. The proposals involve popular cryptocurrencies such as XRP, Dogecoin (DOGE), Ethereum with staking, Polkadot (DOT), and Hedera (HBAR).
Affected ETFs and new expected dates:
XRP (Franklin Templeton)
New date: June 17, 2025
Dogecoin (Bitwise)
New date: June 15, 2025
Ethereum with staking (Fidelity)
Delayed, with no new date set
Polkadot (Grayscale) and Hedera (Canary Capital)
New date: June 11, 2025
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Reason for the delays:
The SEC stated that it needs more time to review the proposals and consider public comments. Analysts believe this was already expected, as the SEC tends to use the maximum available time to approve or reject cryptocurrency-related ETFs.
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Market impact:
The delays did not cause significant drops in the prices of the involved altcoins, as the market was already anticipating this movement.
The approval of Bitcoin and Ethereum ETFs in the past shows that the SEC is proceeding with caution.
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Future expectations:
With Paul Atkins taking the lead at the SEC, investors are hoping for a more favorable approach to the crypto market, which could increase the chances of future approval of these ETFs.
