#AltcoinETFsPostponed
The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on several altcoin exchange-traded funds (ETFs) tied to cryptocurrencies like XRP, Dogecoin (DOGE), Solana (SOL), and Litecoin (LTC). The review dates have been pushed to mid-June 2025, with final decisions expected by October 2025.
*Affected ETFs:*
- *Grayscale's XRP ETF*: Delayed decision on listing and trading
- *Cboe BZX Exchange's spot Solana ETF*: Postponed review
- *Canary's spot Litecoin and XRP ETFs*: Delayed approval process
- *VanEck's Solana ETF*: Extended review period
- *Dogecoin ETFs*: Delayed decisions on multiple filings
*Reasons Behind the Delay:*
The SEC's cautious approach to cryptocurrency regulation and a vacant seat on the SEC's leadership team are contributing factors. The agency's history of delayed approvals and the current political and regulatory landscape are also influencing the decision-making process ¹ ² ³.
*Expert Insights:*
Bloomberg ETF analysts James Seyffart and Eric Balchunas believe the delays are standard procedure and don't necessarily indicate a lower chance of approval. Seyffart notes that the final deadlines aren't until October, and Balchunas compares the SEC's slow pace to a delayed train, humorously citing "mechanical issues in DC" ¹ ⁴.