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The U.S. Securities and Exchange Commission (SEC) has postponed its verdict on spot exchange-traded funds (ETFs) for XRP and Dogecoin.

The regulator also requested public comments for the 21Shares Core XRP Trust, the Grayscale XRP Trust, and the Grayscale Dogecoin Trust.

The SEC approved the Bitcoin and Ethereum spot ETFs last year. However, it has yet to approve other altcoin ETF applications since then.

Currently, the SEC is reviewing ETF proposals allowing investors to purchase funds tracking the performance of various altcoins, including XRP, Dogecoin, Solana, Polkadot, SUI, Litecoin, BNB, and Chainlink.

Despite its recent delay, analysts are optimistic that the SEC will approve other ETF applications.

ETFs are expected to spur a new bull market in altcoins.

Recently, the SEC approved the Bitcoin and Ethereum spot ETFs last year. Since then, it has been reviewing applications for other altcoins.

The regulator is reviewing ETF proposals from 21Shares and SEI.

Recently, the SEC asked for public comments on the 21Shares Core XRP Trust, the Grayscale XRP Trust, and the Grayscale Dogecoin Trust.

The SEC also delayed decisions on the 21Shares Core XRP Trust, the Grayscale XRP Trust, and the Grayscale Dogecoin Trust.

The news comes after the SEC approved the Bitcoin and Ethereum spot ETFs last year.

However, it has yet to approve other altcoin ETF applications since then.

The regulator is reviewing ETF proposals allowing investors to purchase funds tracking the performance of various altcoins.

Among the altcoins, XRP, Dogecoin, Solana, Polkadot, SUI, Litecoin, BNB, and Chainlink are included.

The move is expected to open up a huge opportunity for investors to gain more diversified exposure to the cryptocurrency market.

The SEC recently approved iShares' application for a Bitcoin ETF.

Earlier this year, the SEC shot down seven applications for spot Bitcoin ETFs.

The iShares BTC Total Market ETF will allow investors to purchase a fund that tracks the performance of a basket of Bitcoin stocks.

The approval marks a significant milestone in the SEC's journey to provide investors with more options to invest in digital assets.

As the SEC deliberates on the fate of altcoin ETFs, analysts at Bloomberg anticipate an approval by the fourth quarter.

The SEC's decision to delay the ruling on the spot XRP and Dogecoin ETFs comes as no surprise, given the pending approval of other crypto products.

"A bunch of XRP ETPs have dates in next few days. If we’re gonna see early approvals from the SEC on any of these assets — I wouldn’t expect to see them until late June or early July at absolute earliest. More likely to be in early 4Q."

If the SEC approves the altcoin ETFs, it could lead to a surge in trading volume and price volatility in the altcoin market.

This could be an excellent opportunity for traders to capitalize on the volatility and generate profits.

However, it's essential to note that altcoin prices could also drop sharply if there is negative news or if the market sentiment shifts quickly.

Therefore, traders need to be cautious and manage their risk carefully when trading altcoins.

As the crypto market continues to evolve, we can expect to see more innovative products and services launched in the coming months and years.

This will provide investors with even more options to diversify their portfolios and gain exposure to the digital asset class.

With the SEC now focused on approving the altcoin ETFs, it will be interesting to see which altcoins are included in the first batch of ETFs.

We can also expect to see a surge in demand for altcoins once the ETFs are approved.

This could lead to a strong rally in the altcoin market, which has been lagging behind Bitcoin this year.

Altcoins Still Lag Behind Bitcoin

Bitcoin is nearing a new all-time high, but altcoins are still lagging behind.

Currently, Bitcoin’s market dominance is 63%, similar to its level during the bull market of 2021.

The dominance level is expected to drop once the altcoin season kicks off.

While Bitcoin is only 2% away from its all-time high, most altcoins are 30-40% away from their previous all-time high prices.

Thus, indicating that this could be a great opportunity for investors to buy altcoins.

Altcoin dominance currently stands at 27.8% but could increase significantly to over 40%, as seen during the altcoin rallies of 2022 and 2017.

Investors are looking at the best crypto to buy, and memecoins are some of the best performers in the market.

Emerging memecoins like Bitcoin Pepe are attracting investors thanks to their unique problems-solving products.

Interest in cryptocurrencies is rising thanks to growing institutional demand.

The demand is also spreading to nations and states