The US Securities and Exchange Commission (SEC) has postponed its decision on several altcoin exchange-traded funds (ETFs), including those for XRP and Dogecoin. The delays apply to two separate requests submitted in March: Cboe BZX Exchange's filing to list Franklin Templeton's spot XRP ETF and NYSE Arca's proposal to list Bitwise's Dogecoin ETF. A third filing from Nasdaq requests approval to list a 21Shares Dogecoin ETF.
Key Dates:
- Franklin Templeton's XRP ETF: New review deadline set for June 17, 2025
- Bitwise's Dogecoin ETF: Next review scheduled for June 15, 2025
- Solana ETF: Final decision expected by October 7, 2025
The SEC's decision to delay these ETFs is part of its standard review process and doesn't necessarily indicate rejection. Analysts suggest that investor interest may remain concentrated in Bitcoin and Ether ETFs, but the approval of altcoin ETFs could still boost prices for XRP, DOGE, and SOL.¹ ² ³
Market Impact:
- XRP price dropped below $2.30 after the announcement, showing a 3% loss
- DOGE and AVAX also declined over 3% in reaction to the ETF delay
- Bitcoin, however, continues to show strength with ETF inflows propelling its price above $95,000
