As of April 2025, the U.S. SEC has once again postponed decisions on several altcoin ETF applications — including those for Solana (SOL), XRP, Litecoin (LTC), Dogecoin (DOGE), and Cardano (ADA).
⏳ This delay is driven by ongoing regulatory scrutiny and a leadership vacuum at the SEC.
❌ Notably, multiple spot Solana ETF applications have been rejected, with concerns over market manipulation and Solana’s potential classification as a security.
⚖️ The leadership gap, triggered by the resignation of SEC chair nominee Paul Atkins, has further slowed decision-making.
➡️ Still, there’s growing optimism: a potential crypto-friendly SEC chair under the Trump administration could shift the landscape in favor of approvals.
For now, the SEC appears to favor futures-based ETFs over spot products, a stance that continues to impact broader altcoin ETF adoption.
