U.S. SEC Delays Decision on Several Altcoin Spot ETFs Including Dogecoin

The U.S. Securities and Exchange Commission (SEC) announced on the 11th and 12th that it has postponed its approval decisions for several altcoin spot ETFs. The ETFs affected include Bitwise's Dogecoin (DOGE) ETF, Grayscale's Hedera Trust, and VanEck's Avalanche ETF, indicating that delays during the transition to a new regime are becoming normalized. The SEC stated for each application that 'the Commission has not yet reached a conclusion on the relevant issues,' and has called for comments from stakeholders. The agency emphasized that the initiation of proceedings does not imply approval and demonstrated a cautious review stance. Meanwhile, there has been progress towards the approval of the Solana spot ETF...