#AltcoinETFsPostponed
The US Securities and Exchange Commission (SEC) has postponed decisions on several altcoin ETF applications, including¹ ²:
- *Franklin Templeton's XRP ETF*: The SEC extended the review period to June 17, 2025, citing the need for additional time to evaluate the proposed rule change and address regulatory issues.
- *Bitwise's Dogecoin ETF*: The SEC delayed its decision, following a pattern seen with previous applications for Bitcoin and Ethereum spot ETFs. The delay allows for further evaluation of the application and addresses concerns around market manipulation and investor protection.
- *Other affected ETFs*: Other high-profile filings, such as Fidelity's spot Ethereum ETF and Franklin Templeton's Solana ETF, have also been delayed.
Analysts suggest these delays are procedural and don't necessarily signal rejection, pointing to the approvals of Bitcoin and Ethereum ETFs as precedents. The delays might be due to the SEC's cautious approach to altcoin ETFs, considering factors like³:
- *Market surveillance*: Ensuring mechanisms are in place to detect and prevent market manipulation.
- *Custody*: Verifying secure storage methods for the underlying assets.
- *Valuation*: Establishing reliable and transparent pricing methods.
The outcome remains uncertain, with potential implications for the respective cryptocurrency prices and market sentiment.
