#AltcoinETFsPostponed

The U.S. Securities and Exchange Commission (SEC) has postponed decisions on several exchange-traded funds (ETFs) for alternative cryptocurrencies until April 30, 2025, reflecting a cautious approach despite a crypto-friendly administration. The affected exchange-traded funds include: the Solana and XRP ETFs by Franklin Templeton, with the XRP decision postponed until June 17, 2025. The Hedera (HBAR) and Polkadot (DOT) ETFs by Grayscale, which have also been postponed until June 11. The Dogecoin (DOGE) ETF by Bitwise. The Hedera ETF by Canary Capital, which has also been postponed until June 11. Fidelity's proposal regarding Ethereum (ETH) shares in ETFs. Bloomberg analysts, James Seyfart and Eric Balchunas, describe these delays as 'standard procedures,' pointing to the uncertainty of SEC Chair Gary Gensler and ongoing regulatory reviews. The chances of approval remain high - Litecoin (90%), Dogecoin (75%), Solana (70%), XRP (65%) - with deadlines in October 2025. The SEC's concerns include market volatility, custody security, and investor protection. Despite the delays, market sentiment towards X shows resilience.