#AltcoinETFsPostponed The US Securities and Exchange Commission (SEC) has postponed decisions on several altcoin-based exchange-traded funds (ETFs), including those for Solana (SOL), XRP, Litecoin (LTC), and Dogecoin (DOGE). This delay affects various applications from major firms like Grayscale, Canary Capital, Bitwise, and 21Shares.
*Delayed ETF Applications:*
- *Solana ETFs:* VanEck Spot Solana ETF, Canary Spot Solana ETF, and 21Shares Solana ETF
- *XRP ETFs:* Grayscale Spot XRP ETF, Canary Spot XRP ETF, and Franklin Templeton's XRP ETF
- *Litecoin ETF:* Canary Spot Litecoin ETF
- *Dogecoin ETF:* Grayscale Spot Dogecoin ETF
Despite the delays, analysts remain optimistic about the eventual approval of these ETFs. Bloomberg ETF analyst James Seyffart notes that this is standard procedure and doesn't necessarily indicate a lower chance of approval. The final deadlines for these ETFs extend into October 2025, giving the SEC ample time for further evaluation ¹ ².
*Approval Odds:*
- Litecoin (LTC): 90% probability of approval
- Dogecoin (DOGE): 75% probability of approval
- Solana (SOL): 70% probability of approval
- XRP: 65% probability of approval
The SEC's cautious approach to cryptocurrency regulation and the recent executive order signed by President Donald Trump, establishing a Strategic Bitcoin Reserve and a US Digital Asset Stockpile, may impact the approval process for altc