The US Securities and Exchange Commission (SEC) has postponed its decision on several altcoin ETFs, including those for Xrp, Solana, Litecoin, and Dogecoin.This delay is seen as a standard procedure, and analysts remain optimistic about the approval of these ETFs.
The SEC has extended the review period for these ETFs, with new decision deadlines set for May and June.This delay is likely due to the regulator's cautious approach toward approving crypto investment products, as well as the pending confirmation of Paul Atkins, former SEC commissioner and pro-crypto businessman, who was selected by former President Donald Trump to lead the agency.
Dogecoin ETF: Decisions on Grayscale’s filing were delayed.
Xrp ETF: Decisions on filings by Grayscale, Canary Capital, Bitwise, and 21shares were delayed.
Litecoin ETF: Decisions on Grayscale’s filing were delayed.
Cardano ETF: Decisions on Grayscale’s filing were delayed.
Solana ETF: Decisions on filings by 21shares, Canary, and VanEck were delayed.
Despite the delay, analysts believe that the approval of these ETFs is likely to happen this year. The market is also expecting a more accommodating stance toward cryptocurrencies from the SEC under the new administration.
