#AltcoinETFsPostponed
The U.S. Securities and Exchange Commission (SEC) has postponed its decisions on several applications for exchange-traded funds for alternative currencies, including XRP, Solana, Litecoin, Cardano, and Dogecoin. Due to the need for additional review of the proposed rule changes, the agency has set new deadlines for May 2025, with final rulings expected by October. This delay is considered a routine regulatory action amid leadership transitions, including the anticipated confirmation of the SEC. Analysts remain optimistic, with the likelihood of approval for Litecoin at its highest level (90%), followed by Dogecoin (75%), then Solana (70%), and then XRP (65%), reflecting growing confidence in investment products based on alternative currencies. Exchange-traded funds for alternative currencies, including Dogecoin from Bitwise and XRP from Franklin Templeton, have been postponed until June 2025, impacting market momentum. Analysts view the delays as procedural rather than a rejection, pointing to previous approvals for exchange-traded funds for Bitcoin and Ethereum. Ripple and Dogecoin prices dropped by more than 3% after the announcement, reflecting investor caution. Despite setbacks, optimism remains strong👍
