#AirdropStepByStep (SEC) regarding the postponement of its decisions on several applications to create exchange-traded funds (ETFs) based on alternative cryptocurrencies (altcoins) such as Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE). These postponements included applications submitted by companies like Grayscale, 21Shares, VanEck, and Canary Capital.

Reasons for the postponement

These postponements are due to several regulatory factors:

• Lack of organized futures markets: Unlike Bitcoin and Ethereum, most alternative cryptocurrencies do not have organized futures markets like those offered by the Chicago Mercantile Exchange (CME), which reduces transparency and increases concerns about price manipulation.

• Regulatory concerns: These concerns include issues related to investor protection, secure custody solutions for digital assets, and compliance with regulatory standards.