LTC News: SEC Postpones Decisions on Multiple Altcoin ETFs, But Approval Odds Remain High

SEC Postpones Altcoin ETF Decisions

The US Securities and Exchange Commission (SEC) delayed various altcoin-based exchange-traded funds (ETFs) on March 11. According to Bloomberg ETF analyst James Seyffart, the approval odds for these ETFs this year are still relatively high. Decisions on Grayscale’s filings for Dogecoin (DOGE), Litecoin (LTC), and Cardano (ADA) ETFs were delayed. The SEC also delayed decisions for XRP ETFs filed by Canary Capital, Bitwise, and 21shares. The regulator also postponed decisions on the Solana (SOL) ETFs filed by 21shares, Canary, and VanEck.

SEC Delays Decisions on Several Cryptocurrency ETFs, Franklin Templeton Files for XRP ETF

The US Securities and Exchange Commission (SEC) has delayed its decision on several cryptocurrency spot exchange-traded funds (ETFs), including those for Solana, Litecoin, XRP, Cardano, and Dogecoin, until May 2025. Despite this, Franklin Templeton has filed for its own XRP ETF. The SEC has also acknowledged WisdomTree’s XRP ETF bid, triggering a 21-day comment period.

XRP Set for Multiple ETF Approvals by May 2025

The SEC is currently reviewing spot crypto ETFs following its approval of Bitcoin (BTC) and Ethereum (ETH) ETFs. Big names like Franklin Templeton, Bitwise, 21Shares, Canary Capital, Grayscale, and WisdomTree are all competing to launch an XRP ETF. Grayscale’s application began a 240-day review period on February 14, and other filings from WisdomTree, Canary Capital, and CoinShares are also under review and open for public comments. However, the SEC has delayed its decision on Grayscale’s XRP ETF application, along with several other crypto spot ETFs, including those for Litecoin (LTC), Solana (SOL), and Dogecoin (DOGE). Investors will have to wait until May 2025 for updates on whether these ETFs will be approved.