The US Securities and Exchange Commission (SEC) has postponed its decision on several altcoin ETF applications, including those for Solana, XRP, Litecoin, and Dogecoin. The delays affect ETF applications from major firms like Grayscale and Canary.
Postponed ETF Applications:
- *Solana ETFs*: 21Shares, Canary, and VanEck's Solana ETF applications have been delayed.
- *XRP ETFs*: Franklin Templeton's XRP ETF application has been postponed to June 17, 2025.
- *Litecoin ETFs*: Canary's Litecoin ETF application has been delayed.
- *Dogecoin ETFs*: Bitwise's Dogecoin ETF application has been postponed to June 15, 2025, while 21Shares' Dogecoin ETF is also affected.
Reasons for Delay:
- The SEC needs more time to consider the proposed rule changes and issues raised in the filings.
- Analysts believe the delays are standard procedure and don't necessarily indicate rejection.
Potential Impact:
- The postponements reflect the SEC's cautious approach to cryptocurrency regulation.
- The final deadlines for these ETF applications stretch into October 2025 or later.
- Some analysts suggest investor interest may remain concentrated in Bitcoin and Ether ETFs, while others see potential for growth in altcoin ETFs.
