The US Securities and Exchange Commission (SEC) delayed various altcoin-based exchange-traded funds (ETFs) on March 11.

According to Bloomberg ETF analyst James Seyffart, the approval odds for these ETFs this year are still relatively high.

The US Securities and Exchange Commission (SEC) has delayed various altcoin-based exchange-traded funds (ETFs) on March 11. According to Bloomberg ETF analyst James Seyffart, the approval odds for these ETFs this year are still relatively high.

The regulator is yet to make a final decision on Grayscale's filings for a Dogecoin (DOGE) ETF, an XRP ETF, a Litecoin (LTC) ETF, and a Cardano (ADA) ETF.

The SEC also postponed the final decision on the XRP ETFs filed by Canary Capital, Bitwise, and 21shares.

Moreover, the regulator is still considering the proposals for a Solana (SOL) ETF, with filings from 21shares, Canary, and VanEck. Finally, Canary's Litecoin filing was the last altcoin-related ETF to see a setback.

Other crypto ETF delays include in-kind creation and redemptions for BlackRock’s IBIT, as well as Fidelity’s FBTC and FETH. 21shares also saw a delay in the proposal to include staking in its Ethereum (ETH) ETF.

Despite the delays, the SEC acknowledged Grayscale's filing for a Hedera (HBAR) ETF and Bitwise's DOGE-related filing.

Additionally, on March 11, Franklin Templeton filed an S-1 Form for an XRP ETF, joining a new altcoin exchange-traded product race.

High chances of approval

Seyffart assessed that the multiple delays were expected, as "this is standard procedure." He added that Paul Atkins has not yet been confirmed as the new SEC chair, which is also a factor in the pending decisions.

The analyst also highlighted that the final deadlines for an SEC decision on all ETFs are due in October and that the odds of approval are still relatively high.

In February, Seyffart and Bloomberg senior ETF analyst Eric Balchunas published their updated approval odds for Litecoin, Solana, XRP, and Dogecoin ETFs.

LTC leads the odds with a 90% probability of approval this year, while DOGE holds the second-largest percentage at 75%. SOL trails close behind with 70% chances, and XRP has a 65% chance of approval.

The analysts highlighted that these odds were less than 5% before President Donald Trump's November election, making the new numbers relatively high.

Moreover, the odds for all ETFs listed by Balchunas and Seyffart could go up if regulatory conditions in the US improve even further.