#AltcoinETFsPostponed

The US Securities and Exchange Commission (SEC) has postponed its decision on several altcoin ETF applications, including those for Litecoin, XRP, and Solana. This delay is attributed to the SEC's need for more time to evaluate the proposals and related issues.

*Affected ETF Applications:*

- *XRP ETFs*:

- Franklin Templeton's spot XRP ETF decision delayed to June 17, 2025

- Grayscale's XRP ETF application postponed to May 21, 2025

- *Dogecoin ETFs*:

- Bitwise's Dogecoin ETF decision delayed to June 17, 2025

- 21Shares Dogecoin ETF proposal under review

- *Solana ETFs*:

- VanEck, 21Shares, and Canary's Solana ETF applications delayed

- *Litecoin ETF*:

- Canary's spot Litecoin ETF application postponed to May 13, 2025

*Reasons for Delay:*

- The SEC requires more time to consider the proposed rule changes and issues raised

- Standard procedure for the SEC to extend review periods for ETF applications

- Analysts believe the delay doesn't negatively impact the likelihood of approval

*Impact and Outlook:*

- Despite delays, analysts remain optimistic about the approval odds for these altcoin ETFs

- Institutional interest in altcoins remains strong, with over 60 ETF proposals waiting for SEC approval

- The SEC's review process may take until October 18, 2025, to reach a final decision on these and other crypto ETPs ¹ ² ³