The US Securities and Exchange Commission (SEC) has postponed decisions on several altcoin-based exchange-traded funds (ETFs), including those for XRP, Dogecoin, Litecoin, and Solana. Here are the key details ¹ ² ³:
- *Postponed ETFs:*
- *XRP ETFs*: Franklin Templeton's XRP ETF decision has been delayed until June 17, 2025. Other firms, such as Grayscale and Canary, have also had their XRP ETF decisions postponed.
- *Dogecoin ETFs*: Bitwise's Dogecoin ETF decision has been delayed until June 15, 2025.
- *Litecoin ETFs*: Canary's Litecoin ETF decision has been delayed until May 13, 2025.
- *Solana ETFs*: Decisions on Solana ETFs from VanEck, 21Shares, and Canary have been postponed.
- *Reasons for Delay:*
- The SEC needs more time to evaluate the proposed rule changes and address regulatory issues.
- The delays are considered standard procedure, according to Bloomberg ETF analyst James Seyffart.
- *Potential Approval:*
- Analysts estimate high chances of approval for some altcoin ETFs, with Litecoin leading at 90%, followed by Dogecoin at 75%, Solana at 70%, and XRP at 65%.
- The final deadlines for most crypto ETF filings are expected in October 2025 or later.
- *Market Impact:*
- XRP price dropped below $2.30 after the announcement, but has since risen to around $2.24, with a 7% increase over the past week.
