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SEC Delays Approval of Multiple Cryptocurrency Spot ETFs Again! What Are the Chances of Approval This Year?

Source Tradingkey

TradingKey - The SEC has delayed decisions on several altcoin spot ETFs. However, the market generally believes approval will come in 2025.

On April 29, Eastern Time, the SEC postponed decisions on multiple cryptocurrency spot ETFs. This includes SOL, XRP, HBAR, and DOGE. Recently, the SEC also delayed a decision on DOT.

Bloomberg ETF analyst James Seyffart commented, "This was expected. Most of these applications have final deadlines in October 2025 or later."

Despite the delays, Nate Geraci, president of The ETF Store, remains optimistic. He stated, "These products will be approved this year."

Currently, the market believes there is a high chance the SEC will approve spot ETFs for altcoins by 2025. Data shows that the approval rate for the SOL spot ETF is 85%, making it the highest. Following SOL are XRP, LTC, DOGE, and ADA.

Investor expectations for the approval probability of altcoin spot ETFs, source: Polymarket.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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