#AltcoinETFsPostponed (SEC) on the postponement of its decisions regarding several applications to create exchange-traded funds (ETFs) based on alternative digital currencies (altcoins) such as Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE). These postponements included applications submitted by companies such as Grayscale, 21Shares, VanEck, and Canary Capital.

Reasons for the postponement

These postponements are due to several regulatory factors:

• Lack of organized futures markets: Unlike Bitcoin and Ethereum, most alternative digital currencies do not have organized futures markets like those offered by the Chicago Mercantile Exchange (CME), which reduces transparency and increases concerns about price manipulation.

• Regulatory concerns: These concerns include issues related to investor protection, secure custodial solutions for digital assets, and compliance with regulatory standards.