The US Securities and Exchange Commission (SEC) has postponed decisions on several altcoin-based exchange-traded funds (ETFs), including those for XRP, Dogecoin, Litecoin, Cardano, and Solana. Here are the key updates:
Postponed ETF Decisions
- *XRP ETFs*:
- Franklin Templeton's spot XRP ETF decision delayed to June 17, 2025
- Grayscale's XRP ETF decision also postponed
- *Dogecoin ETFs*:
- Bitwise Dogecoin ETF decision moved to June 15, 2025
- Grayscale's Dogecoin ETF decision delayed
- *Solana ETFs*:
- Decisions on Solana ETFs filed by 21Shares, Canary, and VanEck postponed
- *Litecoin ETFs*:
- Canary's Litecoin ETF filing delayed
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 believe these delays are standard procedure and don't necessarily indicate rejection ¹ ².
Approval Odds
Despite the postponements, analysts remain optimistic about eventual approval. Bloomberg ETF analyst James Seyffart estimates the approval probabilities for these altcoin ETFs as follows ³:
- *Litecoin*: 90%
- *Dogecoin*: 75%
- *Solana*: 70%
- *XRP*: 65%
The final deadlines for most crypto ETF filings are expected in October 2025 or later ¹.