The SEC has decided to postpone the filing for an XRP ETF by 21Shares, despite positive regulatory developments. In addition, the Commission has also delayed several other applications for altcoin ETFs.

Despite these setbacks, analysts believe that the SEC will eventually approve these ETFs. The Commission tends to move slowly in its decision-making process and often chooses to delay when possible.

The community has been eagerly awaiting the XRP ETF, especially after the first such product started trading in Brazil recently. Although XRP Futures trading has launched on the CME, rumors of fake approvals circulating quickly demonstrate the community's impatience.

The SEC has continued to delay the approval of these ETFs. The recent postponement of 21Shares' XRP ETF application has pushed back another proposal by at least three weeks. The Commission has similarly delayed a Dogecoin product from Grayscale and five Solana ETF applications.

Analyst James Seyffart explains that delays in approving spot crypto ETFs are anticipated. He predicts that early approvals for these assets might not come until late June or early July at the earliest, or possibly not until early Q4. The SEC typically takes its time to carefully review ETF applications.

Despite the delays and setbacks, there is still optimism regarding the eventual approval of these ETFs. While the crypto market moves quickly, government institutions like the SEC operate on a slower timeline and prioritize thorough consideration of decisions.