#AltcoinETFsPostponed The US Securities and Exchange Commission (SEC) has postponed its decision on several altcoin exchange-traded funds (ETFs), including those for XRP and Dogecoin. Here are the key points ¹ ² ³:
- *Postponed Decisions*: The SEC has delayed its decision on Franklin Templeton's spot XRP ETF and Bitwise's Dogecoin ETF until June 17, 2025.
- *Reason for Delay*: The SEC cited the need for additional time to evaluate the proposed rule change and address regulatory issues raised in the filing.
- *Other Affected ETFs*: Other crypto ETF proposals under review include Ethereum, Solana, and Litecoin ETFs.
- *Number of Proposals*: The SEC is currently reviewing around 70 crypto ETF proposals, many of which involve altcoins.
- *Potential Timeline*: According to ETF analysts, the SEC could take until around October 18, 2025, to reach a final decision on these and other crypto ETPs.
- *Market Impact*: XRP's price dropped below $2.30 after the announcement, but analysts believe the delay is procedural and doesn't necessarily signal rejection.
Analysts suggest that investor interest may remain concentrated in Bitcoin and Ether ETFs, and that altcoin ETFs don't guarantee market demand. Meanwhile, US exchanges are urging the SEC to apply strict oversight to crypto products ³.