#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). The delays affect various firms, such as Grayscale, VanEck, 21Shares, and Canary Capital.

*Affected ETFs:*

- *Grayscale's ETFs:* Dogecoin, XRP, Litecoin, and Cardano

- *XRP ETFs:* Grayscale, Canary Capital, Bitwise, and 21Shares

- *Solana ETFs:* 21Shares, Canary, and VanEck

- *Litecoin ETF:* Canary

*Reasons for Delay:*

The SEC cited the need for additional time to evaluate proposals and related issues. Bloomberg ETF analyst James Seyffart believes the delays are standard procedure and don't affect the likelihood of approval. He expects final decisions by October 2025 ¹ ² ³.

*Approval Odds:*

According to Seyffart and fellow analyst Eric Balchunas, approval odds for these ETFs are relatively high ¹:

- *Litecoin:* 90%

- *Dogecoin:* 75%

- *Solana:* 70%

- *XRP:* 65%

Some analysts, like Nate Geraci, remain optimistic about approval this year. The market believes there's a high chance of SEC approval for spot ETFs for altcoins by 2025, with SOL having an 85% approval rate ⁴.