#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 delay applies to multiple proposals from asset managers like Franklin Templeton, Bitwise, and 21Shares. Here are some key points about the postponement ¹ ² ³:
- *XRP ETF Decision*: The SEC has extended the review period for Franklin Templeton's spot XRP ETF to June 17, 2025. This decision is part of a broader evaluation process for crypto-based investment products.
-Dogecoin ETF Decision*: Similarly, the SEC has delayed its decision on Bitwise's Dogecoin ETF and 21Shares Dogecoin ETF, with a new deadline of June 17, 2025.
Reasons for Delay*: The SEC cited the need for additional time to evaluate proposed rule changes and address regulatory issues raised in the filings. Analysts suggest that these delays are procedural and don't necessarily signal rejection.
Impact on Market