#AltcoinETFsPostponed - The U.S. Securities and Exchange Commission (SEC) has delayed again! From April 29 to 30, the regulator postponed decisions on several highly anticipated applications: Franklin Templeton's XRP and Solana spot ETFs, Bitwise's Dogecoin ETF, Grayscale's Hedera ETF, and Fidelity's Ethereum ETF staking plan. Now, the earliest deadline is set for June 2025 (XRP, Dogecoin), while most altcoin ETFs are expected to have final rulings around October to November.
Bloomberg analysts describe this as standard procedure: the SEC is taking all possible time for in-depth analysis and may develop new strategies after the appointment of the new chairman, Paul Atkins. Investors have become accustomed to such delays — the approval of the Bitcoin ETF was similar and eventually received approval.
Market reaction is calm: XRP is down 3%, but there is no widespread negative impact. The SEC maintains suspense — there are currently 70 crypto ETF applications pending, and we may witness a true revolution of institutions entering the altcoin market by autumn.
Waiting for autumn: Altcoin ETFs are delayed - but not canceled!