#AltcoinETFsPostponed The US Securities and Exchange Commission (SEC) has postponed its decision on several altcoin exchange-traded funds (ETFs), including those for XRP and Dogecoin. Here are the key details ¹ ² ³:
- *Postponed ETF Decisions:*
- *Franklin Templeton's XRP ETF*: New review deadline set for June 17, 2025
- *Bitwise's Dogecoin ETF*: Next review scheduled for June 15, 2025
- *21Shares Dogecoin ETF*: Also under review, with no specific deadline announced yet
- *Potential Impact:*
- The delay gives investors more time to consider their options in these digital assets
- Approval of these ETFs could attract more buyers, potentially increasing prices of XRP, DOGE, and other altcoins
- *SEC Review Process:*
- The SEC is reviewing around 70 crypto ETF proposals, many involving altcoins
- Delays are common, especially for newer assets like cryptocurrencies, as the SEC wants to ensure investor protection and regulatory compliance
- *Market Reaction:*
- XRP price dipped below $2.30 after the announcement, posting 3% losses on the day
- DOGE and other altcoins also saw declines, with some analysts predicting potential price increases if ETFs are approved
- *Future Outlook:*
- Bloomberg analysts believe the delays don't necessarily signal rejection, citing similar procedural delays before Bitcoin and Ethereum ETF approvals
- The Trump administration's crypto-friendly stance could boost chances of ETF approvals later this year, potentially driving prices up.
