#AltcoinETFsPostponed

Recent updates on "Delayed Altcoin ETFs" (AltcoinETFsPostponed) – May 1, 2025

The SEC (U.S. Securities and Exchange Commission) has postponed its decision on applications for ETFs based on altcoins such as Solana (SOL), XRP, Litecoin (LTC), Dogecoin (DOGE), and Cardano (ADA).

Key points:

Delayed ETF applications: Companies like Grayscale, VanEck, 21Shares, Bitwise, and Canary Capital are awaiting approval for altcoin-based ETFs. Postponements are considered common, especially during internal transitions at the SEC.

Leadership changes: Former SEC Chair Gary Gensler has resigned. Paul Atkins has been nominated as the new chair but is still awaiting confirmation. This has made the regulatory process more cautious.

Good chances of approval still in 2025: Experts remain optimistic. According to Bloomberg analyst James Seyffart, the chances of approval by October 2025 are high:

Litecoin (LTC): 90%

Dogecoin (DOGE): 75%

Solana (SOL): 70%

XRP: 65%

Market impact: The postponement was already expected and, therefore, did not cause significant fluctuations in the market. Institutional interest in crypto investment products continues to grow.