BlackRock's potential XRP ETF filing could influence the SEC's approach to crypto-ETFs amid existing delays.
Major Delays by the SEC
On March 11, 2025, the SEC announced delays for multiple crypto ETF applications, including those for XRP, Solana, and other altcoins. This is partly due to the need for additional time to evaluate proposed rule changes within the applications.
Other Altcoin ETF Delays
The SEC postponed decisions on ETF applications for Solana, Litecoin, and Dogecoin. Applications from firms like VanEck and 21Shares remain under review, reflecting the SEC's cautious approach to approving crypto investment products.
Impact of Institutional Interest
Despite delays, Franklin Templeton, a firm with $1.5 trillion in assets, has filed an XRP ETF application. This indicates growing institutional interest in crypto ETFs, which could influence the future development of the market.
The SEC's decisions on crypto ETF applications may significantly impact the cryptocurrency market, especially considering the interest from major institutional players.
