#AltcoinETFsPostponed

Delay of Exchange-Traded Funds for Alternative Currencies. The U.S. Securities and Exchange Commission (SEC) has postponed its decisions regarding several proposed exchange-traded funds that will hold alternative digital currencies (altcoins). These delays affect the spot ETF applications for XRP from Franklin Templeton and Dogecoin from Bitwise, with new deadlines set for June 17 and June 15, 2025, respectively.

This action aligns with the SEC's standard procedure for reviewing such financial products, and analysts indicate that these extensions do not necessarily imply a reduced likelihood of final approval. Currently, there are several proposals for exchange-traded funds for alternative currencies under review, including those for Solana, Litecoin, and Hedera. While investor demand for exchange-traded funds for alternative currencies is seen as lower than for Bitcoin and Ethereum ETFs, the recent delays are viewed as procedural as the SEC continues its evaluation.