#AltcoinETFsPostponed The US Securities and Exchange Commission (SEC) has postponed its decision on several altcoin Exchange-Traded Fund (ETF) applications, including those for Litecoin, XRP, and Solana. The delays affect various firms, such as Grayscale, VanEck, 21Shares, and Canary.
*Postponed ETF Applications:*
- *XRP ETF*: Franklin Templeton's spot XRP ETF decision has been pushed to June 17, 2025. Grayscale's XRP ETF application also faces a delay, with a new decision date initially set for May 21, 2025, but now aligned with the June 17 deadline for similar applications.
- *Dogecoin ETF*: Bitwise's Dogecoin ETF and 21Shares Dogecoin ETF decisions have been delayed until June 17, 2025.
- *Solana ETF*: VanEck, 21Shares, and Canary's Solana ETF applications are under review, with delayed decision dates.
- *Litecoin ETF*: Canary's spot Litecoin ETF application will remain under review until May 13, 2025 ¹ ².
*Reasons for Delay:*
The SEC is waiting for paperwork from the White House and filing from institutions, indicating interest and demand for altcoins among clients. Analysts suggest that the delays don't negatively impact the likelihood of approval ³.
*Total ETF Proposals Under Review:*
The SEC is currently reviewing around 70 crypto ETF proposals, many involving altcoins like Solana, Litecoin, and themed tokens. Despite the surge in applications, some analysts believe investor interest may remain concentrated in Bitcoin and Ether ETFs ².
