The US Securities and Exchange Commission (SEC) has postponed the review of several requests for Exchange-Traded Funds (ETFs) related to Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE). This decision comes as the SEC has faced widespread criticism for its policies towards digital currencies. However, this delay provides an opportunity for the SEC to examine these requests more thoroughly. Interestingly, while delaying these reviews, the SEC has received new requests from the same companies and has accepted some of them. Recently, the commission has been inundated with new requests for altcoin-based ETFs and had set deadlines for their approval or rejection after initial review. But today, it decided to postpone the review of six ETFs related to currencies like Solana and Ripple to a later date. The SEC has also delayed the review of requests from Canary and Grayscale, but notably kept the new request from Bitwise, which was recently submitted, on the agenda without delay. Meanwhile, the commission has also registered a new request from Franklin Templeton for an ETF based on Ripple, highlighting the lack of transparency in the SEC’s approach to digital currencies. Furthermore, the SEC has initiated the review of requests related to Dogecoin and Hedera ETFs. Analysts believe that these delays are part of the commission’s standard process and the likelihood of final approval for altcoin ETFs remains high. Overall, given the market’s instability and the significant impact of ETF approvals on asset prices, these delays may continue for the next few months. Visit the digital currency price page for real-time prices of all tokens and cryptocurrencies.
