#AltcoinETFsPostponed The US Securities and Exchange Commission (SEC) has postponed its decision on several altcoin exchange-traded funds (ETFs), including those for XRP and Dogecoin. Here are the key details ¹ ²:
- *Postponed ETFs:*
- *Franklin Templeton's Spot XRP ETF*: The SEC has extended the review period to June 17, 2025, citing the need for additional time to evaluate the proposed rule change and address regulatory issues.
- *Bitwise's Dogecoin ETF*: The decision has been delayed until June 17, 2025, as part of a broader evaluation process under standard SEC timelines.
- *21Shares Dogecoin ETF*: Nasdaq's request for approval has also been delayed, with potential final decisions on these and other crypto ETPs expected around October 18, 2025.
- *Reason for Delay:* The SEC's delays are procedural and don't necessarily signal rejection, according to Bloomberg analyst James Seyffart. Similar delays were seen with earlier Bitcoin and Ethereum ETF approvals.
- *Impact on XRP Price:* XRP traded at approximately $2.24 after the announcement, rising 7% over the past week but experiencing a 2.7% daily decline due to negative sentiment surrounding the ETF verdict delay.
- *SEC Reviewing Multiple Crypto ETF Proposals:* The SEC is currently reviewing around 70 crypto ETF proposals, many involving altcoins like Solana, Litecoin, and themed tokens. Analysts suggest investor interest may remain concentrated in Bitcoin and Ether ETFs, despite growing interest in altcoin-based investment products.