The U.S. Securities and Exchange Commission (SEC) has recently postponed decisions on several altcoin-based exchange-traded fund (ETF) applications, including those for XRP, Dogecoin (DOGE), Solana (SOL), Hedera (HBAR), and Ethereum (ETH). These delays are part of the SEC’s standard review process and do not necessarily indicate a rejection of the applications.
Key Updates on Altcoin ETF Applications
XRP and Dogecoin ETFs: The SEC has extended the review period for the Bitwise Dogecoin ETF and Franklin Templeton’s XRP Fund, setting new deadlines for mid-June 2025.
Solana and Hedera ETFs: Decisions on ETFs for Solana and Hedera have been delayed, with final rulings expected by October 2025 or later.
Ethereum Staking ETF: The SEC has also postponed its decision on Ethereum staking-related ETFs, with a new deadline set for June 16, 2025.
Analyst Insights
Industry analysts, including Bloomberg’s James Seyffart, view these delays as procedural and anticipated. The SEC often utilizes the full 240-day review period for complex financial products, especially those involving cryptocurrencies. Seyffart suggests that final decisions on most altcoin ETFs are likely to occur around October 2025.
Market Implications
While these delays may cause short-term uncertainty, they are not uncommon in the regulatory process for new financial instruments. The SEC’s cautious approach aims to ensure investor protection and market stability. The eventual approval of altcoin ETFs could provide broader access to cryptocurrency investments through traditional financial markets.
