Multiple altcoin spot ETF applications voluntarily withdrawn from SEC website

Applications (Form 19b-4) for multiple altcoin spot ETFs and an Ethereum staking ETF have been withdrawn from the U.S. Securities and Exchange Commission (SEC) website. The move is interpreted as a consequence of the SEC's new comprehensive listing standards for cryptocurrencies. The SEC had previously requested that issuers of proposed ETFs for LTC, XRP, SOL, ADA, and DOGE voluntarily withdraw their applications. Bloomberg ETF analyst Eric Balchunas had also previously stated that the existing ETF approval process is meaningless under the new listing standards.