The US Securities and Exchange Commission (SEC) has delayed decisions on proposed spot exchange-traded funds (ETFs) for XRP, Dogecoin, Solana, and Litecoin.
The delay pushes back potential approval dates to May 2025 for various ETF applications, including those from VanEck, Canary, and Grayscale.
The SEC states that it needs more time to consider the proposed rule change and the issues raised.
The odds of approval for the proposed ETFs vary, with Litecoin having a 90% approval likelihood, Dogecoin at 75%, Solana at 70%, and XRP at 65%.