The U.S. Securities and Exchange Commission (SEC) has delayed decisions on multiple Altcoin ETF proposals, though this was expected. The SEC typically waits until the final deadline before approving or rejecting crypto ETFs.

SEC delays approval of multiple altcoin ETFs

As previously reported by 3aw, since Donald Trump took office as the 47th U.S. President, the crypto regulatory landscape in the U.S. has seen positive shifts. One of the most noticeable changes is in the SEC’s crypto policies, as the agency—once highly “hawkish” toward the industry—has softened its stance.

The SEC’s decisions to drop and settle lawsuits with crypto companies like Coinbase, OpenSea, Uniswap, Robinhood, Kraken, and Yuga Labs have painted a more optimistic regulatory picture, at least for the next four years under the Trump administration.

As a result, many firms and investment funds have rushed to file for new crypto ETFs, hoping that the SEC will greenlight at least one spot ETF for a third cryptocurrency beyond Bitcoin and Ethereum this year.

However, the agency has just announced delays in approving multiple newly submitted Altcoin ETF applications. Specifically, the SEC has postponed decisions on:

• VanEck’s Solana spot ETF;
• Canary Capital’s Litecoin, Solana, and XRP ETFs;
• Grayscale’s XRP and Dogecoin ETFs;
• Various Altcoin ETF applications from Bitwise and 21Shares;

Additionally, the SEC has postponed decisions on proposals to convert existing Bitcoin and Ethereum spot ETFs and add staking features to Ethereum ETFs.

Overall, all new crypto ETF applications have been delayed by the SEC. However, this was not unexpected, as the agency has historically waited until the final deadline before making a decision, as seen with previous ETFs.

It’s also worth noting that this delay comes during a transition period within the SEC’s leadership. Currently, the agency is being led by Acting Chairman Mark Uyeda while awaiting the official appointment of Paul Atkins.

The SEC has also recently established a specialized crypto task force and a fraud oversight unit focused on crypto and AI. Both teams are still in the early stages of becoming operational.

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