SEC Delays Decisions on Several Altcoin-focused ETFs

The US Securities and Exchange Commission (SEC) postponed decisions on several altcoin-based exchange-traded funds (ETFs) on March 11. According to Bloomberg ETF analyst James Seyffart, approval odds remain relatively high for these ETFs this year.

Grayscale’s filings for Dogecoin, XRP, Litecoin, and Cardano ETFs were among those delayed. The SEC also postponed decisions on XRP ETFs submitted by Canary Capital, Bitwise, and 21Shares.

Additionally, the SEC delayed decisions on Solana ETFs filed by 21Shares, Canary, and VanEck, as well as a Litecoin filing by Canary.

Other crypto ETF postponements include in-kind creation and redemptions for BlackRock’s IBIT, along with Fidelity’s FBTC and FETH. There was also a delay in 21Shares’ proposal to include staking in its Ethereum (ETH) ETF.