The U.S. Securities and Exchange Commission (SEC) has decided to delay several ETF applications related to altcoins such as Solana (SOL), XRP, Litecoin (LTC), and Dogecoin (DOGE). This move comes as the agency faces criticism over its cryptocurrency regulatory policies.
The SEC has postponed decisions on six ETFs tied to Solana, XRP, Litecoin, and Dogecoin, some of which were approaching their approval deadlines. Specifically, proposals related to Solana have reached their deadlines but were extended, while XRP-related ETFs still have time before a final decision is made.
Additionally, the SEC has delayed applications from Canary and Grayscale but has not applied the same delay to Bitwise, one of the latest ETF issuers.
Notably, despite delaying multiple applications, the SEC continues to accept new filings. Among them, the most notable are Franklin Templeton’s XRP ETF application, as well as a Dogecoin ETF and a Hedera-related fund.
ETF analyst James Seyffart commented that these delays are a standard procedure and not surprising, as the SEC still lacks full membership due to unconfirmed appointments in the Senate. He also noted that the likelihood of approval remains high, with final deadlines expected in October.