The #AltcoinETFsPostponed refers to the U.S. Securities and Exchange Commission (SEC) delaying the review of several applications for launching exchange-traded funds (ETFs) related to alternative cryptocurrencies (altcoins). These delayed applications include ¹ ²:
- *Delayed Applications:*
- *XRP ETF*: Applications from Grayscale and Canary Capital.
- *Solana ETF*: Applications from 21Shares, Canary, and VanEck.
- *Litecoin ETF*: Application from Canary.
- *Dogecoin ETF*: Application from Grayscale.
- *Cardano ETF*: Application from Canary.
*Reasons for the Delay:*
- The U.S. Securities and Exchange Commission needs more time to evaluate the applications and potential risks.
- Political and regulatory changes may impact the approval process.
*Impact of the Delay:*
- The delay creates uncertainty among investors and issuers regarding when these funds will be approved.
- Some analysts view the delay as a routine measure and do not necessarily imply rejection of the applications ² ³.
*Decision Dates:*
- New dates have been set for reviewing the applications, including May 2025 for some applications.
- Some analysts believe that the chances of approving these funds remain high, with estimates ranging from 65% to 90% for some currencies.
