#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:

Postponed ETF Decisions

- *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 proposal to list this ETF has also been delayed, with the SEC reviewing around 70 crypto ETF proposals, many involving altcoins.¹ ²

Reasons Behind the Delay

The delays are considered procedural and don't necessarily signal rejection, according to Bloomberg analyst James Seyffart. Similar delays were seen with Bitcoin and Ethereum ETF approvals, suggesting that these procedural steps are part of a slow but advancing approval process.

Impact on Market

The postponement has led to a temporary dip in XRP's price, which dropped below $2.30 after the announcement. However, analysts believe that XRP price could potentially reclaim $2.50 in the near term if it holds firm above the $2.00 mark.