In April 2025, the US Securities and Exchange Commission (SEC) has postponed decisions on several proposed altcoin Exchange Traded Funds (ETFs). This includes ETFs for:
* XRP: The decision on Franklin Templeton's spot XRP ETF has been delayed until June 17, 2025.
* Dogecoin (DOGE): The SEC has also postponed its decision on Bitwise's spot DOGE ETF, with a new deadline of June 15, 2025. Nasdaq has also filed for a 21Shares Dogecoin ETF.
* Solana (SOL), Hedera (HBAR), Litecoin (LTC), and Polkadot (DOT): Decisions on these altcoin ETF applications were also reportedly delayed, with some expected to have final deadlines in October 2025 or later.
Reasons for the Postponements:
* The SEC cited the need for more time to evaluate the proposed rule changes and address the regulatory issues raised in the filings.
* Analysts suggest these delays are standard procedure and do not necessarily indicate that the ETFs will ultimately be rejected. The SEC has the option to extend reviews for up to 240 days from the initial filing.
Market Sentiment:
* Despite the delays, some analysts remain optimistic that altcoin ETFs will eventually be approved in the US, potentially later in 2025, especially given a perceived more crypto-friendly stance from the Trump administration.
* The market generally anticipates potential approval, with some platforms showing high probabilities for the approval of spot ETFs for various altcoins, with Solana having the highest implied probability.
Global Context:
* Notably, Brazil has already launched the world's first spot XRP ETF (XRPH11) in April 2025.
* ProShares is set to launch XRP futures ETFs in the US on April 30, 2025, offering indirect exposure to XRP.
* The CME Group also plans to launch XRP futures in May 2025.
In summary, while the US SEC has postponed decisions on several altcoin ETFs in April 2025, this is considered by some as procedural. The launch of XRP futures ETFs in the US and a spot XRP ETF in Brazil, along with overall market anticipation, suggests that the possibility of altcoin ETFs in the US remains a significant topic of interest.
