The US Securities and Exchange Commission (SEC) delayed various altcoin-based exchange-traded funds (ETFs) on March 11. According to Bloomberg ETF analyst James Seyffart, the approval odds for these ETFs this year are still relatively high.
Decisions on Grayscale’s filings for Dogecoin (DOGE), XRP, Litecoin (LTC), and Cardano (ADA) ETFs were delayed. The SEC also delayed decisions for XRP ETFs filed by Canary Capital, Bitwise, and 21shares.
The regulator also postponed decisions on the Solana (SOL) ETFs filed by 21shares, Canary, and VanEck. Canary’s Litecoin filing was the last altcoin-related ETF delay.
