The U.S. Securities and Exchange Commission (SEC) has postponed its decision to approve spot exchange-traded funds (ETFs) based on major altcoins such as Ripple (XRP) and Dogecoin (DOGE) to June.

According to the virtual asset industry on the 1st (local time), the SEC announced in an official document released on the 29th (local time) that the final decision date for the XRP spot ETF applied by Franklin Templeton will be postponed to June 17 and the Dogecoin spot ETF applied by Bitwise will be postponed to June 15.

The U.S. Securities and Exchange Commission (SEC) has postponed its decision to approve spot exchange-traded funds (ETFs) based on major altcoins such as Ripple (XRP) and Dogecoin (DOGE) to June.

The SEC announced in an official document that the final decision date for the XRP spot ETF applied by Franklin Templeton will be postponed to June 17 and the Dogecoin spot ETF applied by Bitwise will be postponed to June 15.

The SEC explained the background of the delay, saying, "We need more time to fully review the issues related to the proposed regulatory change."

All of the ETFs submitted their listing applications to the SEC in March. In addition, the SEC currently has more than 70 altcoin-based spot ETFs waiting for review.

After former President Trump's re-election, he ordered the SEC to make a pro-(親) virtual currency stance, and applications for various ETFs such as Solana (SOL) and Litecoin (LTC) continued in addition to XRP and Dogecoin.

The decision is seen as confirming that the SEC remains cautious about the altcoin-based ETF. Bitcoin and Ethereum are the only spot ETFs approved to date in the United States. This is the first screening case for XRP and Dogecoin.

XRP is the second-largest altcoin after Ethereum in market capitalization. It is expanding its scale with fast and inexpensive international remittances as a weapon. Dogecoin is a representative 'meme coin'. In the early days of Trump's inauguration, Tesla CEO Elon Musk showed an upward trend when he named the government efficiency department, which he is head of, "DOGE."

Market watchers say the postponement has increased uncertainty. Some raise the possibility that the final approval or disapproval decision will be delayed until the fourth quarter of this year or as early as October. This is because the SEC still maintains a cautious stance on cryptocurrencies other than Bitcoin, such as Dogecoin, XRP, and Ethereum.

Market experts said, "The repeated postponement of SEC is increasing uncertainty about the cryptocurrency's entry into the system," adding, "Both institutional and individual investors are waiting for additional regulatory clarity."

However, some predict that investment demand for altcoin ETFs may be relatively low compared to Bitcoin or Ethereum ETFs.

"Just being listed on the ETF does not immediately guarantee explosive demand," Balchunas said. It's like a band's music is on a streaming service. There will be an environment where more people can access it, but it does not necessarily mean that it will explode in popularity."