The Bag and Securities Commission (SEC) has delayed a series of applications to authorize funds quoted in the stock market (ETF) linked to several cryptocurrencies.
Among the requests that were postponed by the regulator are ETF based on Litecoin (LTC), Solana (Sol), XRP of Ripple and Dogecoin (Doge), in addition to proposals related to Cardano (ADA), as indicated by the documents.
The SEC has not only postponed ETF requests from Altcoins. Among the affected proposals, those They seek to integrate the Staking in ETF of Ether, Ethereum’s cryptocurrency which already quotes in the US market.
Staking is a mechanism that allows users to block, in this case Ether, to validate transactions and ensure the network, obtaining rewards in return.
Likewise, the agency has delayed decisions about contribution options for these funds, expanding the scope of deletions. For now, none of these proposals progresses, but also does not face a definitive rejection.
However, it keeps investors and companies in the sector in suspense, while the agency navigates an administrative limbo that could extend months.
An obstacle in Washington
The main stumbling block to unlock this scenario comes from the government itself. In December, President Donald Trump appointed Paul Atkins, a well -known cryptocurrency defender, as a candidate to lead the SEC after Gary Gensler’s departure on January 20.
However, Atkins still does not go through confirmation audiences in the Senate, according to Semafor. The White House has not sent the required documentationincluding the financial declaration of the nominee, a complex procedure due to its link with a multimillion -dollar family.
This administrative delay keeps the SEC without defined leadership, which feeds delays in decisions about ETFs.
Experts maintain high optimism about ETFs
Despite uncertainty, voices of the sector minimize the impact. Nate Geraci, president of ETF Store, points out: «It’s no surprise… it will simply take some time. The new president of the SEC is not even in functions yet ».
Along the same lines, James Seyffart, a Bloomberg analyst specialized in ETF, ensures that this delay responds to a «standard procedure» and does not alter the probabilities of approval, which he considers «relatively high».
The specialist adds that the definitive limit dates for these applications extend until October, leaving room for future advances.
Seyffart, next to his colleague Eric Balchunas, also from Bloomberg, maintains specific projections on which cryptocurrencies could see green light first.
According to your calculations, Litecoin heads the list with 90% probabilities of approval for your ETFfollowed by Dogecoin (75%), Solana (70%) and XRP (65%).
These estimates reflect a market analysis that does not stop, even before delays. In fact, today Franklin Templeton submitted a new request for an ETF based on XRP, adding to firms such as Grayscale, Bitwise and 21Shares, who compete for launching products linked to the Ripple Labs currency, as cryptootics reported.
A sector that does not give up
While the SEC takes time to deliberate, interest in cryptocurrency ETF does not decay. Bitcoin’s ETF approval in January 2024 and Ether in July marked a precedent that companies seek to replicate with other currencies.
In addition, the recent regulatory impulse, such as the creation of a working group on cryptocurrencies led by Commissioner Hester Peirce, suggests that the dialogue remains open. For now, the sector expects, with an eye on an October that could define the direction of the Altcoins on Wall Street.
The decision of the SEC to stop these requests does not close doors, but it does lengthens the uncertainty in an anxious market for clarity. With a leadership in transition and a calendar that extends until the end of the year, the destiny of the ETF of Litecoin, Solana, XRP, Dogecoin and more is suspended in a waiting compass.