Michaela
The U.S. Securities and Exchange Commission (SEC) has postponed its decisions on multiple altcoin spot ETF applications, including those for XRP, Litecoin, Solana, and Dogecoin, citing the need for further review.
The regulator issued notices delaying its rulings on several altcoin spot ETF applications. Among the affected filings are Solana ETFs submitted by 21Shares, Canary, and VanEck, as well as Canary’s spot ETFs for Litecoin and XRP. The postponement signals the regulator’s continued evaluation of cryptocurrency investment products before granting approval.
Bloomberg ETF analyst James Seyffart described the SEC’s decision as a routine step in the regulatory process, stating that it is a “standard procedure.” He also noted that the odds of approval for the altcoin ETFs remain relatively high.
In response to a user inquiring about the SEC’s delay on Grayscale’s spot Dogecoin ETF, Seyffart confirmed that multiple altcoin spot ETF applications had been postponed. “Yes, the SEC just punted on a bunch of altcoin ETF filings including Litecoin, Solana, XRP & DOGE. It’s expected as this is standard procedure & Atkins hasn’t even been confirmed yet,” Seyffart stated in a post on X. “Also note that the final deadlines aren’t until October for these,” he added.
Fellow ETF analyst Eric Balchunas also weighed in on the SEC’s decision, noting that the delays extended beyond altcoin ETFs. In a post on X, he remarked that “everything delayed,” referencing ETFs that include Ether staking and in-kind redemptions.
In a separate post on X, Balchunas addressed critics by pointing out that Bitcoin and Ether ETFs faced multiple delays — approximately three times — before eventually gaining approval. He emphasized that regulatory processes take time, contrasting the SEC’s pace with Amazon Prime’s well-known next-day delivery speed.
Additionally, in a recent filing, the SEC announced that it postponed its decision on Grayscale’s XRP ETF and Cboe BZX’s spot Solana ETF, setting a new review date in May. Additionally, the Commission has designated May 29 as the deadline for ruling on the Canary Spot ADA ETF, stating that the extension will allow regulators “sufficient time to consider the proposed rule change and the issues raised therein.”
The SEC’s latest decision to delay rulings on multiple altcoin spot ETF applications comes on the heels of a major policy shift under President Donald Trump’s administration. Just days ago, President Trump signed an executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, signaling a broader government approach to digital asset management.
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- SEC Reviews Approving Grayscale Crypto ETFs
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
