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    Home»Altcoins»Crypto Market Awaits SEC’s Verdict on XRP, Solana, and Dogecoin ETFs​: Is This Bullish Catalyst Altcoins Want? – BlockNews
    Crypto Market Awaits SEC’s Verdict on XRP, Solana, and Dogecoin ETFs​: Is This Bullish Catalyst Altcoins Want? – BlockNews
    Altcoins

    Crypto Market Awaits SEC’s Verdict on XRP, Solana, and Dogecoin ETFs​: Is This Bullish Catalyst Altcoins Want? – BlockNews

    By Crypto EditorMarch 12, 2025No Comments3 Mins Read
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    • SEC delays a number of altcoin ETF selections as Trump’s nominee for chairman, Paul Atkins, awaits Senate affirmation.
    • Analysts stay optimistic, with Litecoin, Dogecoin, Solana, and XRP ETFs nonetheless having robust approval odds.
    • SEC alerts a friendlier stance on crypto, dropping lawsuits in opposition to Coinbase, OpenSea, and Robinhood Crypto whereas making a crypto job power.

    The U.S. Securities and Alternate Fee (SEC) is stalling on a number of altcoin ETF proposals, leaving the crypto business in limbo whereas Trump’s nominee for SEC Chair, Paul Atkins, awaits Senate affirmation.

    NEW: 🇺🇸 SEC has delayed selections on +60 crypto ETF purposes

    Together with:

    • Ripple $XRP

    • Solana $SOL

    • Litecoin $LTC

    • Dogecoin $DOGE

    Approvals hing on the affirmation of President Trump’s SEC chair nominee, Paul Atkins 👀 pic.twitter.com/FRqemWP526

    — BlockNews (@blocknewsdotcom) March 12, 2025

    What’s Holding Issues Up?

    Atkins, a longtime crypto advocate, was tapped by Trump in December to steer the SEC after Gary Gensler’s resignation. Nevertheless, his affirmation course of is transferring at a snail’s tempo. In line with Semafor, the White Home nonetheless hasn’t submitted all needed paperwork, delaying hearings that had been anticipated to occur by now.

    “No shock… will simply take a while. New SEC Chairman not even in place but,” stated Nate Geraci, President of ETF Retailer.

    Within the meantime, the SEC has postponed selections on a number of Litecoin, Dogecoin, Solana, and XRP ETFs, together with proposals for Ethereum ETF staking choices. Analysts insist that is simply a part of the method and doesn’t point out rejection.

    “It’s anticipated. That is customary process, and Atkins hasn’t even been confirmed but,” stated James Seyffart of Bloomberg Intelligence.

    Odds of Approval Nonetheless Look Sturdy

    Regardless of the delays, Bloomberg ETF analysts estimate:

    • Litecoin ETFs have a 90% likelihood of approval
    • Dogecoin ETFs sit at 75%
    • Solana funds maintain a 70% chance
    • XRP ETFs have a 65% likelihood

    The SEC beforehand delayed Bitcoin and Ethereum ETFs a number of occasions earlier than giving the inexperienced mild, main analysts to stay optimistic.

    “Chill out. Bitcoin and Ethereum ETFs had been delayed 3 times earlier than approval. That is the federal government, not Amazon Prime,” joked Eric Balchunas, a senior ETF analyst at Bloomberg.

    Crypto Market Awaits SEC’s Verdict on XRP, Solana, and Dogecoin ETFs​: Is This Bullish Catalyst Altcoins Want? – BlockNews

    coinfomania.com

    Indicators of a Extra Crypto-Pleasant SEC?

    Whereas delays are irritating, there are indicators that the SEC is shifting towards a extra optimistic stance on crypto:

    • It lately dropped lawsuits in opposition to Coinbase, OpenSea, Robinhood Crypto, and Uniswap.
    • Rescinded controversial crypto accounting steerage that restricted conventional companies from holding digital belongings.
    • Created a crypto job power, led by Republican SEC Commissioner Hester Peirce, to make clear which digital belongings needs to be categorized as securities.

    What’s Subsequent?

    For now, the crypto business is ready. With Atkins’ affirmation nonetheless in limbo, ETF approvals are more likely to drag out till late 2025. But when the development towards deregulation continues, the market may see a wave of latest ETF approvals—bringing altcoins into mainstream finance like by no means earlier than.





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