SEC Delays XRP, Solana, Litecoin, Dogecoin ETFs as Bitwise Launches Bitcoin-Focused ETF

SEC delays ETFs are hitting the crypto marketplace hard, and close present the SEC has enactment disconnected making immoderate decisions astir a clump of altcoin applications. On March 11, they stretched retired the timeline for XRP ETF, Solana ETF, Litecoin ETF, and Dogecoin ETF proposals, portion Bitwise has gone up and launched their Bitcoin-focused ETF anyway.

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Explore SEC ETF Delays, Bitcoin ETF Launch, and Impacts connected Crypto Market

Source: Watcher Guru

Standard Procedure for ETF Delays

The SEC delays ETFs including, for instance, Grayscale’s XRP and Cboe BZX Exchange’s Solana ETF filings until May. Several experts successful the manufacture person started conversations saying these delays are conscionable mean regulatory procedures and not thing the marketplace should interest about.

Bloomberg ETF expert James Seyffart stated:

“It’s expected, arsenic this is modular procedure. This doesn’t alteration our (relatively high) likelihood of approval. Also enactment that the last deadlines aren’t until October.”

Source: SEC

Fellow Bloomberg expert Eric Balchunas shared:

“Eth staking and in-kind besides delayed. Everything delayed. It’s similar the NYC-bound Amtrak connected Monday morning: ‘Mechanical issues successful DC’.”

Eth staking and in-kind besides delayed. Everything delayed. It's similar the NYC-bound Amtrak connected monday morning: "Mechanical issues successful DC"

— Eric Balchunas (@EricBalchunas) March 11, 2025

These XRP ETF and Solana ETF delays, astatine the clip of writing, travel the SEC extending the deadline for Cboe Exchange’s petition to database options tied to Ether ETFs successful February, fundamentally demonstrating a signifier of regulatory caution crossed aggregate important crypto sectors.

Bitwise Launches Bitcoin Standard ETF

While Dogecoin ETF and Litecoin ETF applications are stuck successful SEC delays ETFs, Bitwise has gone up and launched their Bitcoin Standard Corporations ETF (OWNB). This caller money focuses connected companies that clasp astatine slightest 1,000 Bitcoin successful their reserves, similar immoderate large players successful the industry.

Matt Hougan, Bitwise’s main concern officer, explained:

“Corporations holding Bitcoin bash truthful for the aforesaid reasons arsenic idiosyncratic investors. They spot Bitcoin arsenic a liquid, scarce, and government-independent store of value.”

The ETF’s superior holdings see Strategy, Bitcoin mining firms similar MARA Holdings, CleanSpark, and besides Riot Platforms, providing investors alternate vulnerability to cryptocurrency markets portion Litecoin ETF and Dogecoin ETF approvals stay pending for now.

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Wall Street’s Crypto Integration

As SEC delays ETFs proceed to interaction the altcoin space, respective cardinal fiscal institutions person spearheaded cryptocurrency infrastructure development. Cantor Fitzgerald has implemented a $2 cardinal integer plus financing business, strategically selecting Anchorage Digital and Copper arsenic Bitcoin custodians.

In a large measurement guardant for organization Bitcoin adoption, Cantor Fitzgerald (@Official_Cantor) has chosen Anchorage Digital arsenic custodian & collateral manager for its caller Bitcoin financing business. This concern is expanding what’s imaginable for institutions successful Bitcoin.… pic.twitter.com/rat3utIqUF

— Anchorage Digital (@Anchorage) March 11, 2025

Deutsche Boerse’s Clearstream is also, for instance, preparing crypto custody services, efficaciously signaling organization involvement contempt XRP ETF and Solana ETF regulatory hurdles that beryllium close now.

NEW: Deutsche Boerse’s Clearstream to motorboat #crypto custody & colony services for organization clients successful 2025 pic.twitter.com/AlNsTJaMNG

— Coinpaper (@coinpapercom) March 11, 2025

Market Reactions to ETF Delays

Bitcoin’s terms declined implicit 6% pursuing the SEC delays ETFs announcements and, specified arsenic different factors, disappointment implicit caller argumentation developments has contributed to marketplace sentiment.

Source: CoinMarketCap

Arthur Hayes, co-founder of BitMEX, offered this perspective:

“Be f*****g patient. $BTC apt bottoms astir $70k. 36% correction from $110k ATH, mean for a bull market.”

Also Read: Dogecoin Has Dipped 50%: Buy the Dip To Become Rich?

The SEC has delayed reviewing applications for XRP ETF, Solana ETF, Litecoin ETF, and Dogecoin ETF, which galore analysts successful the manufacture accidental is conscionable mean procedure. Even with these SEC delays ETFs happening, innovation keeps moving guardant arsenic Bitwise has launched their Bitcoin Standard Corporations ETF, and close now, galore Wall Street companies person started gathering important infrastructure that volition alteration however institutions follow cryptocurrency crossed antithetic large marketplace areas.