#AltcoinETFsPostponed

The US Securities and Exchange Commission (SEC) has postponed decisions on several altcoin exchange-traded fund (ETF) applications, including those for Solana, XRP, Litecoin, and Dogecoin. This delay affects ETFs filed by companies like VanEck, Canary Capital, Grayscale, Bitwise, and 21Shares.

Affected Altcoin ETFs

- *Solana ETFs*: VanEck's Spot Solana ETF, 21Shares' Solana ETF, and Canary's Solana ETF have been delayed, with some deadlines extended to May or June 2025.

- *XRP ETFs*: Grayscale's Spot XRP ETF and Canary's Spot XRP ETF have been delayed, with new decision dates set for May 21 and May 22, 2025, respectively. Franklin Templeton's spot XRP ETF has been delayed until June 17, 2025.

- *Litecoin ETF*: Canary's Spot Litecoin ETF application will remain under review until May 13, 2025.

- *Dogecoin ETF*: Grayscale's Spot Dogecoin ETF decision has been delayed until May 21, 2025.

Reasons for Delay

The SEC cited the need for additional time to evaluate the proposed ETFs and their potential impact on the market. Analysts believe this delay is a standard procedure and doesn't necessarily indicate a lower chance of approval.¹ ² ³

Expert Opinions

- Bloomberg ETF analyst James Seyffart says the delay is expected and doesn't change the relatively high odds of approval.

- Nate Geraci, president of The ETF Store, remains optimistic, stating that these products will be approved this year.

- Polymarket data shows a high chance of approval for SOL spot ETF (85%) and significant probabilities for XRP, LTC, DOGE, and ADA.⁴