The U.S. Securities and Exchange Commission (SEC) has delayed its decision on several spot crypto ETFs

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on several spot crypto ETFs, with analysts still expecting approvals in the second half of the year as they predict "Crypto ETF Summer."

The SEC announced on April 29 that it would postpone rulings on Bitwise's Dogecoin ETF and Franklin Templeton's proposed XRP ETF, both of which will now be reconsidered in mid-June.

In addition to these, the agency deferred decisions on several other applications, including Franklin Templeton's Solana ETF and Grayscale's HBAR ETF. The commission also extended its review of proposed changes to allow staking in Ethereum ETFs submitted by Franklin and Fidelity, and it postponed rulings on in-kind creation and redemption mechanisms tied to Invesco Galaxy's Bitcoin and Ethereum ETFs.

Delays such as these are common in the SEC's review process, which usually includes multiple decision windows before a final determination is reached.

Despite the postponements, analysts expressed optimism that approvals may still come by late June or early July. Nate Geraci, President of The ETF Store, said in a recent X post that he still expects yeses this year.

General Partner at Van Buren Capital Scott Johnsson agreed, adding that the "party starts end of June/early July with an avalanche of approvals."

These comments have led to the phrase "Crypto ETF Summer" trending among market watchers, referring to the potential launch of multiple ETFs during the summer months.

Several firms are trying to launch new crypto ETFs. Bitwise, Franklin Templeton, Grayscale, 21Shares, CoinShares, and Canary Capital have all filed paperwork for their ETF proposals, which are based on coins like Solana, Litecoin, and Cardano.

This wave of filings follows the approval of spot Bitcoin ETFs last year and the recent changes in the U.S. political climate.

The administration of former President Donald Trump has shown more support for cryptocurrencies, encouraging asset managers to pursue new crypto-related financial products.

However, some experts expressed skepticism about whether altcoin ETFs would attract large inflows. Dogecoin and XRP are both among the top 10 most-traded cryptocurrencies—DOGE is eighth and XRP is fourth by market cap. But despite their popularity, there's no guarantee of success. For instance, despite being the second-largest cryptocurrency, Ethereum's ETFs did not attract strong demand, which might raise questions about interest in DOGE and XRP ETFs.

Johnsson said he is keeping a closer eye on index-based products and staking features, adding that he is "intrigued" by Solana as an asset of interest, highlighting the absence of a Grayscale unlock overhang as a possible factor supporting its appeal.