{"id":124885,"date":"2025-03-12T05:16:02","date_gmt":"2025-03-12T05:16:02","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=124885"},"modified":"2025-03-12T05:16:02","modified_gmt":"2025-03-12T05:16:02","slug":"sec-delays-decision-on-xrp-solana-litecoin-dogecoin-etfs","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=124885","title":{"rendered":"SEC delays decision on XRP, Solana, Litecoin, Dogecoin ETFs"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe US Securities and Exchange Commission has delayed its decision to approve several XRP, Solana, Litecoin and Dogecoin exchange-traded funds.<br \/>\nIn a slew of filings on March 11, the agency said it has \u201cdesignated a longer period\u201d\u00a0 to decide on the proposed rule changes that would allow the ETFs to proceed.<br \/>\nAmong the affected ETFs are Grayscale\u2019s XRP (XRP) and Cboe BZX Exchange\u2019s spot Solana (SOL) ETF filings, with the decisions on them pushed until May.<br \/>\nThe SEC has delayed making a decision to approve several altcoin ETFs. Source: SECBloomberg ETF analyst James Seyffart said in a March 11 X post that while the SEC just \u201cpunted on a bunch of altcoin ETF filings,\u201d he didn\u2019t see it as a cause for concern. \u201cIt\u2019s expected, as this is standard procedure.\u201d\u00a0<br \/>\nHe added that US President Donald Trump\u2019s pick to chair the SEC, Paul Atkins, \u201chasn\u2019t even been confirmed yet.\u201d<br \/>\n\u201cThis doesn\u2019t change our (relatively high) odds of approval. Also note that the final deadlines aren\u2019t until October,\u201d Seyffart said.<br \/>\nSource: Samuel MaverickFellow Bloomberg ETF analyst Eric Balchunas also chimed in, saying that \u201ceverything [is] delayed,\u201d including ETFs featuring Ether (ETH) staking and in-kind redemptions.<br \/>\nUn early December, Trump picked pro-crypto businessman and former SEC Commissioner Atkins to be the agency\u2019s next chair. However, congressional confirmation hearings are yet to be scheduled.<br \/>\nThis is not the first time the SEC has extended an ETF decision deadline. On Feb. 28, it extended the deadline for Cboe Exchange\u2019s request to list options tied to Ether (ETH) ETFs.<br \/>\nThis followed the SEC receiving a raft of altcoin ETF filings in the wake of Trump\u2019s election and the resignation of former SEC Chair Gary Gensler.<br \/>\nRelated: Altcoin ETFs are coming, but demand may be limited: Analysts<br \/>\nGensler\u2019s time at the SEC came with what the industry said was an aggressive regulatory stance toward crypto, with 100 crypto-related regulatory actions during his tenure from 2021 until his resignation on Jan. 20.<br \/>\nSince Gensler\u2019s departure, a growing number of firms facing legal action from the regulator have had their cases dismissed, including crypto exchange Gemini on Feb. 26 and crypto trading firm Cumberland DRW on March 4.<br \/>\nMeanwhile, acting SEC Chairman Mark Uyeda has also proposed abandoning part of a rule change that would have expanded regulation of alternative trading systems to include crypto firms.<br \/>\nMagazine: SEC\u2019s U-turn on crypto leaves key questions unanswered<a href=\"https:\/\/cointelegraph.com\/news\/sec-delays-decision-xrp-solana-litecoin-dogecoin-etfs?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe US Securities and Exchange Commission has delayed its decision to approve several XRP, Solana, Litecoin and Dogecoin exchange-traded funds. In a slew of filings on March 11,&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124885"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124885"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124885\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124885"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}