The US SEC has postponed its decision on multiple altcoin Spot ETFs, including Dogecoin.

## Further Delay

The U.S. Securities and Exchange Commission (SEC) announced on the 11th and 12th that it would postpone its decision on the approval of multiple altcoin spot ETFs. The affected ones include Bitwise’s Dogecoin (DOGE) ETF, Grayscale’s Hedera Trust, and VanEck’s Avalanche ETF, with decision delays becoming routine during the transition period of the new system.

The SEC stated that “the committee has not reached a conclusion on the relevant issues” regarding each application and requested comments from stakeholders. The agency emphasized that the initiation of the process does not mean approval and is showing a cautious review stance.

On the other hand, there has been progress towards the approval of the Solana spot ETF. On the 11th, the SEC requested the applicant companies to submit a revised S-1 document within one week, asking for clarification on the wording related to spot redemption and the handling of staking functions. According to insiders, the SEC has shown a positive attitude towards incorporating staking functions into the Solana ETF.

Bloomberg ETF expert Eric Balchunas pointed out the possibility of Solana ETF approval occurring within the next 2 to 4 months. Multiple stakeholders estimate that the approval could be on track within 3 to 5 weeks due to amended documents, with expectations for approval as early as July and no later than the end of the year.

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