#AltcoinETFsPostponed

The SEC has postponed the review of spot XRP ETFs, including applications from Franklin Templeton (deadline: June 17) and other applications such as Bitwise and Grayscale.

Although previous reports suggested the launch of ProShares' XRP Futures ETF on April 30, 2025, Bloomberg's ETF analyst, James Seyffart, clarified that no official launch date has been set, and the 'Short XRP ETF' based on futures contracts is still under review.

This delay has caused the market capitalization of the cryptocurrency sector to drop by 2.6%, with widespread sell-offs across altcoin markets.