#AltcoinETFsPostponed It appears there have been further developments regarding the potential launch of altcoin Exchange Traded Funds (ETFs) in the United States. Here's an updated summary of the situation as of Wednesday, April 30, 2025 at 6:41 PM +03 (Yemen time):
Key Updates:
* SEC Postpones Decisions on More Altcoin ETFs: Following earlier delays, the SEC has now also postponed decisions on spot ETFs for several other altcoins.
* New Decision Dates in June: The decision on Franklin Templeton's spot XRP ETF has been pushed to June 17, 2025. Similarly, the decision regarding Bitwise's Dogecoin (DOGE) ETF has been delayed until June 15, 2025. Nasdaq has also filed for a 21Shares Dogecoin ETF, which is also under SEC review.
* Other Altcoins Affected: Besides XRP and Dogecoin, the SEC has also recently delayed decisions on ETF applications for other altcoins, including Solana (SOL), Litecoin (LTC), and Hedera (HBAR).
* Procedural Delays Expected to Continue: Bloomberg ETF analyst James Seyffart reiterates that these delays are likely part of the SEC's standard review process. He suggests that final decisions for many of these altcoin ETF applications are anticipated around October 2025 or even later, which aligns with typical final deadlines.
* Over 70 Crypto ETF Proposals Under Review: As of late April 2025, the SEC is reportedly evaluating more than 70 different cryptocurrency ETF proposals, encompassing a wide array of altcoins.
* Investor Demand a Factor: While exchanges are showing increased interest in offering investment products based on altcoins, some analysts point out that investor demand for these products might currently be less robust compared to the demand for Bitcoin and Ethereum ETFs.
In Summary:
The SEC continues to extend its review timelines for numerous spot altcoin ETF applications, including those for XRP and Dogecoin, setting new decision dates in June 2025. These delays are largely viewed as procedural, with potential final decisions expected later in the year. The SEC is currently processing a significant number of altcoin ETF proposals, reflecting the growing interest in this sector, although the level of investor demand remains a consideration.
