The SEC is once again delaying the approval of spot ETFs for altcoins. Those very ETFs that promised us the democratization of crypto investments, transparency, and liquidity.
On March 11, 2025, the SEC did what it does best - nothing.
Or rather, almost nothing: they 'extended the deadlines' for considering ETF applications for XRP, Solana, Litecoin, and even Dogecoin. DOGE! The meme coin that millions hold just for a joke, and it didn't even get approval. Well, what can you say? Apparently, humor is not in demand at the SEC.
And now - some magical statistics:
• 90% - probability of approval for a Litecoin-based ETF (yes, it turns out someone still holds LTC!)
• 75% - Dogecoin, or as the hamsters call it, 'our last hope for a Lambo.'
• 70% - Solana. Or 'Ethereum for the poor', as they say on Twitter.
• 65% - XRP. Just don't ask why it's so low, ask how it's still alive after all these lawsuits.
Now, attention!
The candidate for the SEC chair position is Paul Atkins. Conservative, experienced, but still not confirmed. Because in Congress, it seems, they are discussing more important issues. For example, how to ban TikTok or where to raise the debt ceiling higher.
Meanwhile, while the SEC thinks, Franklin Templeton - a giant from Wall Street - has already applied for an XRP Trust, joining other giants who clearly don't want to wait for the regulator's favor. Of course - they can smell the money.
It's funny that back in 2024 the SEC approved spot ETFs for Bitcoin and Ethereum. And the world didn't collapse. The wolves of Wall Street didn't devour grandmas trading on Robinhood. On the contrary - liquidity increased, the market came alive, and pension funds began buying crypto for the first time openly.
