Breaking: SEC Postpones Decision On XRP ETFs, Along With DOGE and LTC Funds
Highlights
- The SEC has delayed its decision on CoinShares, 21Shares, Canary Capital, Grayscale and Bitwise XRP ETFs.
- The SEC will either approve or deny these funds by October.
- The SEC has also delayed decisions on DOGE, LTC, and ETH funds.
The United States Securities and Exchange Commission (SEC) has delayed its decisions on five high-profile spot XRP ETF proposals, extending deadlines for 21Shares, Bitwise, CoinShares, Canary Capital, and Grayscale — a testament to ongoing regulatory conservatism in listing ETF products in the United States.
XRP ETFs Decision Postponed October 19
In a release, the SEC officially prolonged its review of the 21Shares Core XRP Trust, moving its decision beyond the initial August 20 deadline by an additional 60 days. The new deadline is October 19, 2025
This comes after the initial submission on February 6, 2025, and its superseding Amendment No. 1 on February 12. The extension gives the commission ample time to balance public comment and regulatory factors under the Exchange Act. In the absence of approval or disapproval by October 19, the SEC forfeits its statutory review period for the 21Shares proposal.
The SEC also put out a similar release for Bitwise, Grayscale, and CoinShares XRP ETFs. The commission will now have until October to decide whether or not to approve these funds. The agency is likely to approve all these funds simultaneously, as it did with the Bitcoin and Ethereum ETFs.
If so, the commission will decide on all these funds by October 18, which is the first final deadline among the eight pending spot ETF applications. These include WisdomTree, Franklin Templeton, and REX-Osprey, alongside the other five, which saw delays today. Notably, the world’s largest asset manager, BlackRock, has publicly ruled out an XRP ETF filing.
The agency earlier delayed the Solana ETFs till October, indicating that all pending crypto ETFs could launch at the same time. There are also pending applications for altcoins such as Litecoin, Dogecoin, Cardano, Hedera, PENGU, and Avalanche.
SEC Also Delays These Crypto ETFs
The SEC has also moved to delay other altcoin ETFs and pending filings. As CoinGape reported, the commission announced that it is extending the review period for Truth Social’s Bitcoin and Ethereum ETF.
Furthermore, the commission delayed its decision on CoinShares Litecoin ETF, ahead of the August 24 deadline. With this move, October 23 will be the last deadline by which the agency has to approve or deny the fund. Canary Capital and Grayscale have also filed to offer an LTC ETF.
Like the LTC and XRP ETFs, the SEC delayed its decision on staking for the 21Shares Ethereum ETF and its decision on Grayscale’s Dogecoin ETF. The commission will also have until October to decide whether to approve or deny these funds.
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