#AltcoinETFsPostponed SEC Delays 5 Crypto ETFs: What It Means for Investors ⏳📊
The U.S. Securities and Exchange Commission (SEC) has postponed decisions on five crypto ETF proposals, including those from Franklin Templeton, Bitwise, and 21Shares. The delays are attributed to the need for further review and public feedback.
Here’s what you need to know:
1️⃣ Franklin Templeton's XRP ETF Postponed
The SEC has extended the review period for Franklin Templeton's proposed spot XRP ETF to June 17, 2025.
2️⃣ Other ETFs Also Delayed
Decisions on ETFs for Dogecoin, Hedera (HBAR), Polkadot (DOT), and a joint Bitcoin-Ethereum fund have also been pushed back, with new deadlines set for June.
3️⃣ Analysts Expect Final Rulings by October
Experts predict that the SEC will make final decisions on these and other crypto ETFs by mid-October 2025.
4️⃣ SEC Cites Need for Thorough Review
The SEC emphasizes the importance of additional time to evaluate the proposals and consider public comments.
5️⃣ Market Reaction
Following the delays, XRP's price experienced a slight decline, trading around $2.23, as investors await further clarity.
While these delays may test investor patience, they underscore the SEC's cautious approach to integrating cryptocurrencies into traditional financial markets.
