The SEC postponed the final decision on the XRP Spot ETF until June 17, frustrating the market's more optimistic expectations. It also postponed the decision on the DOGE and Ethereum staking ETFs and may delay again until mid-October.

While this delay may seem pessimistic at first glance, it did not have a significant impact on the market. The Commission has been moving slowly on decisions that set precedents, such as a settlement with Ripple, but may decide on an XRP ETF before October.

No decision yet on U.S. XRP ETFs.

At this moment, the cryptocurrency industry is so excited to receive an XRP ETF that false rumors are causing confusion in the market. The first asset in the world began trading in Brazil last week, further fueling optimism.

However, the SEC officially postponed the Franklin Templeton XRP ETF proposal, which shook those sentiments.

The Commission did not stop there; it also delayed the Bitwise Dogecoin ETF proposal, as well as an Ethereum staking ETF proposal.

Despite the SEC's pessimistic signal, analyst James Seyffart concluded that these delays were expected. He went further, stating that the Commission will likely also delay the Solana and HBAR ETFs: