Bloomberg ETF analyst James Seyffart said the SEC’s decision delays on a slew of crypto ETFs are standard procedure and won’t affect their likely approval.
The 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, the agency said it has “designated a longer period” to decide on the proposed rule changes that would allow the ETFs to proceed.
Among the affected ETFs are Grayscale’s XRP (XRP) and Cboe BZX Exchange’s spot Solana (SOL) ETF filings, with the decisions on them pushed until May.
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