#AltcoinETFsPostponed The US Securities and Exchange Commission (SEC) has postponed its decision on several altcoin Exchange-Traded Fund (ETF) applications, including those for Litecoin, XRP, Solana, and Dogecoin ¹ ² ³. This delay is seen as a standard procedure, and analysts remain optimistic about the approval odds ¹ ².
The SEC has extended the review period for these ETFs, with some decisions now expected in May or June 2025 ¹ ². This delay is likely due to the SEC's careful evaluation of the proposed rule changes and the need for additional time to consider the issues raised ¹.
Despite the delay, there is still significant interest in altcoin ETFs from institutional investors. A report by K33 Research notes that filings for spot altcoin ETFs from asset managers indicate demand for alternative investments among clients ⁴.
Some of the affected ETFs include:
- *Grayscale's XRP ETF*: Delayed until May 2025 ³
- *Cboe BZX Exchange's spot Solana ETF*: Delayed until May 2025 ³
- *Franklin Templeton's spot XRP ETF*: Delayed until June 17, 2025 ²
- *Franklin Templeton's spot Solana ETF*: Delayed, exact date unknown ⁴
Analysts like James Seyffart and Eric Balchunas remain optimistic about the approval odds, citing the SEC's standard procedure and the growing interest in altcoin ETFs ¹ ² ³.