#AltcoinETFsPostponed

The U.S. Securities and Exchange Commission (SEC) has delayed decisions on multiple altcoin spot ETFs, including those for XRP, Dogecoin, Solana, Polkadot, and Hedera, with new review deadlines extending to June 2025. The postponements, affecting filings from firms like Franklin Templeton, Bitwise, and Grayscale, are seen as procedural, not indicative of rejection, mirroring delays for Bitcoin and Ethereum ETFs. Despite the setbacks, analysts remain optimistic about eventual approvals, especially under a potentially crypto-friendly Trump administration. The delays have caused short-term price dips, with XRP falling below $2.30. Currently, 72 crypto ETF applications await SEC approval, reflecting growing institutional interest despite tempered demand for altcoin funds compared to Bitcoin ETFs.