The U.S. Securities and Exchange Commission (SEC) recently postponed decisions regarding several exchange-traded funds (ETFs) for cryptocurrencies, including Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Litecoin (LTC), and Cardano (ADA).

These decisions have been postponed until May 2025 for several applications from companies like VanEck, Canary Capital, and Grayscale. This delay is considered a standard administrative procedure, as the commission has up to 240 days after the application is submitted to evaluate and approve or deny it.

Some analysts believe that this delay does not necessarily indicate a rejection of these funds, rather it is part of standard regulatory procedures. Bloomberg investment fund analyst, James Seyfart, commented that these delays are "standard practice," noting that the final deadlines for approval decisions could extend until October 2025.

These steps reflect the cautious approach the commission is taking towards cryptocurrency-related products, as it seeks to ensure regulatory compliance and thorough evaluation before making its decisions.

Would you like to know the impact of this decision on the prices of the included cryptocurrencies?