#AltcoinETFsPostponed The U.S. Securities and Exchange Commission (SEC) has postponed its decision on several altcoin exchange-traded fund (ETF) applications, including those related to XRP, Solana (SOL), and Litecoin ¹.
The SEC announced the delay on March 11, extending its review period for multiple proposed ETFs. This decision affects applications from various firms, including Grayscale, VanEck, 21Shares, and Canary.
Some of the postponed applications include:
- *XRP ETFs*: Grayscale's and Canary's applications for XRP ETFs have been delayed, with a new decision date set for May 21, 2025, and May 22, 2025, respectively.
- *Solana (SOL) ETFs*: VanEck, 21Shares, and Canary's applications for SOL ETFs have been postponed.
- *Litecoin ETF*: Canary's application for a Litecoin ETF has been delayed until May 13, 2025.
- *Dogecoin ETF*: Grayscale's application for a Dogecoin ETF has been postponed until May 21, 2025.
- *Cardano (ADA) ETF*: Canary's application for an ADA ETF has been delayed until May 29, 2025.
The SEC's decision to postpone these applications reflects the regulator's cautious approach toward approving crypto investment products.