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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