#AltcoinETFsPostponed [5/1, 10:41 AM] Meta AI: The US Securities and Exchange Commission (SEC) has postponed its decision on several altcoin ETF applications, including those for Solana (SOL), XRP (XRP), Litecoin (LTC), and Dogecoin (DOGE). The delays affect multiple filings from major firms like Grayscale, Canary, VanEck, Bitwise, and 21Shares.
*Affected ETF Filings:*
- *Solana (SOL) ETFs*: VanEck's spot Solana ETF and other proposals from 21Shares and Canary
- *XRP ETFs*: Franklin Templeton's XRP ETF, with a new deadline of June 17, 2025
- *Litecoin (LTC) ETFs*: Canary's Litecoin ETF
- *Dogecoin (DOGE) ETFs*: Bitwise's Dogecoin ETF, with a new deadline of June 15, 2025
*Reasons for Delay:*
- The SEC needs more time to consider the proposed rule changes and address regulatory issues
- The agency is following standard procedural deadlines, with final decisions expected in October 2025 or later
*Expert Opinions:*
- Bloomberg ETF analyst James Seyffart believes the delays are routine and don't affect the likelihood of approval
- Analysts estimate approval odds for various altcoin ETFs, with Litecoin leading at 90%, followed by Dogecoin at 75%, Solana at 70%, and XRP at 65% ยน ยฒ
[5/1, 10:43 AM] Meta AI: The US Securities and Exchange Commission (SEC) has postponed its decision on several altcoin ETF applications, including those for Solana (SOL), XRP (XRP), Litecoin (LTC), and Dogecoin (DOGE). The delays affect multiple filings from major firms like Grayscale, Canary, VanEck, Bitwise, and 21Shares.
*Affected ETF Filings:*
- *Solana (SOL) ETFs*: VanEck's spot Solana ETF and other proposals from 21Shares and Canary
- *XRP ETFs*: Franklin Templeton's XRP ETF, with a new deadline of June 17, 2025
- *Litecoin (LTC) ETFs*: Canary's Litecoin ETF
- *Dogecoin (DOGE) ETFs*: Bitwise's Dogecoin ETF, with a new deadline of June 15 not confirmed but around that time frame in June
*Reasons for Delay:*
- The SEC needs more time to consider the proposed rule changes and address regulatory issues
- The agency is following standard procedural deadlines, with final decisions
