SEC Delays Approval for Major Cryptocurrency ETFs, Including Franklin’s SOL and XRP

On April 30th, COINOTAG News reported that the U.S. **Securities and Exchange Commission** (SEC) has postponed its decisions regarding several **cryptocurrency ETF** applications. This delay affects multiple high-profile products, including **Franklin’s SOL** and **XRP ETFs**, **Grayscale’s HBAR ETF**, and **Bitwise’s DOGE ETF**. Additionally, proposals from **Franklin** and **Fidelity** concerning **Ethereum ETF** collateralization are among those awaiting approval. The SEC’s reassessment also encompasses the **Invesco Galaxy Bitcoin** and **Ethereum ETFs**, which focus on a physical creation and redemption mechanism. According to **Nate Geraci**, President of The ETF Store, he maintains a positive outlook, suggesting these investment vehicles could receive approval by year’s end. Market participants continue to watch these developments closely, as the approval of these ETFs could significantly impact the **cryptocurrency** landscape and broaden investor access.