🚨 SEC DELAYS APPROVAL OF ETF FOR LTC, DOGE, XRP. ETF APPLICATIONS FOR BNB, SEI, SUI SUBMITTED

Today, the SEC announced the delay of its decision to approve spot ETF funds for altcoins such as LTC, DOGE, and XRP to gather public opinion. This move is not surprising, but it also shows positivity as major coins will soon gain access to large capital flows.

🧩 The ETFs delayed this time:

- Bitwise #XRP Trust

- Grayscale Litecoin Trust (conversion to ETF)

- 21Shares - ARK Invest #Dogecoin ETF

-> All of these filings have been delayed for an additional 45 days. The new deadline falls in June 2025.

📝 Institutions continue to submit new altcoin ETF filings:

- $BNB ETF – filed by Cboe, issuer not yet determined.

- $SUI ETF – submitted by MILEPOST ETF Trust.

- $SEI ETF – submitted by Hashdex Nasdaq Crypto Index US #ETF.

All of the above filings have chosen to list on Cboe BZX – which was previously a “launchpad” for the Bitcoin spot ETF approved last year.

🔍 The selection of #BNB, #SEI, #SUI – projects with strong “web3 infrastructure” and tokenomics – as ETF candidates indicates that institutions are expanding their portfolios beyond traditional meme & L1.

This could be a sign of a future where ETFs are not just Bitcoin, but a whole Web3 ecosystem will officially appear on Wall Street.