SEC Delays Decision on XRP, SOL, LTC & DOGE ETFs—What’s Going On?

For crypto investors hoping for a large breakthrough, the U.S. Securities and Exchange Commission (SEC) conscionable threw successful different curveball. The bureau has delayed its determination connected aggregate crypto exchange-traded funds (ETFs), including those tied to XRP, Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE).

On March 11, 2025, the SEC announced that it needs other clip to look implicit a fewer cryptocurrency ETF applications, truthful they’re delaying immoderate large decisions until May. This affects things similar Grayscale’s XRP ETF, the Spot Solana ETF from Cboe BZX Exchange, and Canary Capital’s Spot Litecoin ETF. 

The bureau has filed a 45-day extension, meaning the hold for support oregon rejection—just got longer.

If this quality feels familiar, that’s due to the fact that it is. The SEC has been slow-walking crypto ETF approvals for years. Just past period (Feb. 28), it extended its reappraisal connected allowing options trading for Ether (ETH) ETFs.

But according to experts, this hold isn’t needfully atrocious news. Bloomberg ETF expert James Seyffart called it a regular move, saying it doesn’t alteration the likelihood of eventual approval. In fact, helium pointed retired that the last deadline for astir altcoin ETFs won’t travel until October 2025—so this is conscionable different halt connected the way.

One of the large reasons for each these delays? Leadership uncertainty. After SEC Chair Gary Gensler stepped down, President Donald Trump nominated Paul Atkins—a known pro-crypto advocate, arsenic the caller SEC chief. But Atkins inactive hasn’t been confirmed by Congress, leaving the bureau successful a regulatory limbo.

This uncertainty is affecting much than conscionable altcoin ETFs. Bloomberg’s Eric Balchunas noted that different ETF applications including Ether staking ETFs and in-kind redemption ETFs, are besides caught successful the crossfire.

For now, it’s a waiting game. The adjacent large determination deadline is successful May 2025, but with last cutoffs not until October, the existent enactment could inactive beryllium months away.

The bully quality is that Institutional request for crypto ETFs is lone growing, and with large players similar Grayscale and Cboe BZX Exchange pushing hard, there’s inactive a beardown lawsuit for approval.

Also Read: Bitwise Launches Bitcoin ETF for Companies Holding 1,000+ BTC