The SEC (Securities and Exchange Commission) has postponed its decision regarding ETF applications for alternative cryptocurrencies like:

Solana (SOL), XRP, Litecoin (LTC), Dogecoin (DOGE), and Cardano (ADA)

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The companies that submitted these applications include:

Grayscale, Franklin Templeton, Bitwise, 21Shares, and Canary Capital

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For example, the decision on the XRP fund submitted by Franklin Templeton has been postponed until June 17, 2025

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Analysts believe that this delay is a normal procedure, not a rejection

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The main concern of the SEC is to protect investors and regulate the market

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Despite this, cryptocurrencies are functioning normally in the market

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BTC: $94,976

ETH: $1,808.94

SOL: $147.45

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