%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment The U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve spot exchange-traded funds (ETFs) of cryptocurrencies XRP (CRYPTO: $XRP ), %Dogecoin (CRYPTO: $DOGE ), and %Litecoin (CRYPTO: $LTC ). The delay is seen as a blow to crypto investors that were hoping to see ETFs related to smaller cryptocurrencies such as XRP and Litecoin, as well as meme coins such as Dogecoin. Hopes have been running high for the Wall Street regulator to approve a new batch of crypto ETFs after spot funds that track the price movements of %Bitcoin (CRYPTO: $BTC ) and %Ethereum (CRYPTO: $ETH ) were approved last year. Bloomberg Markets had placed the odds at 90% for SEC approval of a Litecoin ETF by year’s end, 75% for a Dogecoin ETF, and 65% for an XRP ETF. Now, it’s unclear if or when the SEC might approve the new crypto ETF applications it has received from asset managers such as Grayscale and Ark Invest. Much of the gains in Bitcoin over the past year have been ascribed to the launch of about a dozen spot BTC ETFs following SEC approval of the investment vehicles in January 2024. The SEC did not give a reason for its delay in deciding on the new crypto ETFs. Bitcoin, the largest cryptocurrency by market capitalization, is currently trading at $83,200 U.S., having declined 11% so far this year.