The U.S. Securities and Exchange Commission (SEC) has postponed decisions on several altcoin ETF proposals, including Dogecoin, Litecoin, and XRP.
SEC’s Postponement on Altcoin ETFs
On March 11, 2025, the SEC announced delays for several high-profile crypto ETFs filed by companies like Grayscale, 21Shares, and Bitwise. These filings included ETFs for assets such as Dogecoin (DOGE), Litecoin (LTC), and XRP. These delays are part of the standard regulatory process for such applications and were not unexpected by analysts.
What's Causing the Delays?
Regulatory delays are common in the crypto world, especially regarding ETFs. The SEC has long been cautious about approving such products due to concerns about market manipulation and lack of clear regulations. Interest in crypto ETFs is undeniable, with many asset managers eager to enter this burgeoning market. Analysts believe that the confirmation of Paul Atkins as the new SEC chair may also impact the delays, though the likelihood of approval remains high.
XRP ETFs: A Growing Interest
One of the most discussed filings is the proposed Grayscale XRP ETF, which has garnered significant attention. This is the first acknowledgment by the SEC of such an application. Grayscale's proposal for an XRP ETF is noteworthy, and many other firms, including Bitwise and Canary Capital, have filed similar applications. The high interest in these filings suggests their potential significance in the future.
Crypto ETFs are seen as a critical step towards bringing transparency and regulation to the crypto market. These financial products allow investors to access digital assets without the need to purchase and hold the underlying assets directly.
