#SEC

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

Today, the SEC announced the delay in the decision to approve spot ETFs for altcoins such as LTC, DOGE, XRP to gather public opinion. This move is not surprising but also indicates a positive trend as major coins will soon have access to large capital inflows.

🧩 The ETFs delayed this time:

- Bitwise #XRP Trust

- Grayscale Litecoin Trust (converting to ETF)

- 21Shares - ARK Invest #Dogecoin ETF

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

📝 Institutions continue to submit new altcoin ETF applications:

- $BNB ETF – filed by Cboe, currently no issuer determined.

- $SUI ETF – filed by MILEPOST ETF Trust.

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

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

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