SEC Delays Decision on XRP and Solana ETF Applications

In Brief:

The SEC postponed decisions on Solana, XRP, Litecoin, and Dogecoin ETFs.

The delay buys time amid ongoing market turbulence and regulatory shifts.

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The U.S. Securities and Exchange Commission (SEC) has officially delayed multiple crypto-based ETF applications, particularly those for Solana (SOL), XRP, Litecoin (LTC), and Dogecoin (DOGE). This move comes as the agency faces mounting pressure regarding its shifting stance on crypto regulation.

Industry analysts expected the delay, noting that the final deadlines for these ETFs aren’t until October. While the SEC is pushing back decisions, it also acknowledged new filings, including a Dogecoin ETF and an XRP ETF by Franklin Templeton.

Market participants speculate that the SEC is waiting for a more stable regulatory environment, especially as its leadership undergoes changes. Despite the delay, approval odds remain relatively high, according to ETF experts.

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