#AltcoinETFsPostponed #AltcoinETFsPostponed

#AltcoinETFsPostponed

On March 11, 2025, the U.S. Securities and Exchange Commission (SEC) delayed decisions on several proposed altcoin-based exchange-traded funds (ETFs), including those for Solana (SOL), XRP, Litecoin (LTC), Dogecoin (DOGE), and Cardano (ADA). Filings from firms like Grayscale, VanEck, 21Shares, Bitwise, and Canary Capital were affected, with new decision deadlines now set for May.

Analysts, including Bloomberg's James Seyffart, view these delays as standard procedure rather than a negative signal. Seyffart noted that the final deadlines for these ETF applications are in October and that the odds of approval remain relatively high.

The postponements occur amid leadership changes at the SEC. Former Chair Gary Gensler, known for his stringent stance on crypto, resigned in January. President Donald Trump has nominated pro-crypto advocate Paul Atkins as the new chair, but his confirmation is pending.

Despite the delays, the SEC acknowledged new ETF filings, including Franklin Templeton's application for an XRP ETF. Analysts believe that the changing regulatory landscape and increased institutional interest could lead to the approval of these altcoin ETFs later in the year.