#AltcoinETFsPostponed The US Securities and Exchange Commission (SEC) has postponed its decision on several spot altcoin ETF applications, including those for Litecoin, XRP, and Solana. The delays are part of a broader evaluation process, with the SEC reviewing around 70 crypto ETF proposals.

*Postponed ETF Applications:*

- *Franklin Templeton's Spot XRP ETF*: The SEC has extended the review period to June 17, 2025, citing the need for additional time to evaluate the proposed rule change and address regulatory issues.

- *Bitwise's Dogecoin ETF*: The NYSE Arca-proposed ETF has been delayed, with a new deadline of June 17, 2025.

- *21Shares Dogecoin ETF*: Nasdaq's proposed ETF is also part of the delayed review process, potentially extending to October 18, 2025.

*Reasons for Delay:*

- The SEC is waiting for confirmation of Trump's nominee for SEC Chair, which may impact the decision-making process.

- Procedural extensions allow the SEC to thoroughly evaluate proposed rule changes and address regulatory concerns.

*Impact on Market:*

- XRP price dropped below $2.30 following the announcement, posting 3% losses on the day.

- Analysts suggest that delays don't necessarily signal rejection, as seen with earlier Bitcoin and Ethereum ETF approvals.