The U.S. Securities and Exchange Commission (SEC) has delayed decisions on XRP and Dogecoin ETF proposals, alongside other altcoins like Solana, to review compliance with regulations.
SEC extends deadlines for altcoin ETF decisions post the success of Bitcoin ETFs, which attracted over $126 billion in assets, showcasing cautious approach towards altcoin approvals.
Grayscale and 21Shares, among others, lead the push for altcoin ETFs as applications for XRP and Dogecoin ETFs encounter regulatory delays despite increased market interest in these cryptocurrencies.
The market optimism for crypto ETFs remains high despite SEC's cautious stance, with potential approvals expected towards late 2025 or early 2026 as the commission evaluates altcoin ETF proposals.