The U.S. Securities and Exchange Commission (SEC) has extended deadlines for several crypto ETF filings including those for XRP, Dogecoin, and Litecoin.
Extension of Deadlines for XRP and Other Crypto ETFs
The SEC postponed a decision on the 21Shares Core XRP Trust to October 19, moving it from the original August deadline.
Amendments filed earlier this year require additional analysis. Recently postponed proposals from Bitwise, CoinShares, Grayscale, and Canary Capital regarding XRP ETFs share the same October timeline.
Challenges Facing Truth Social ETF and Political Context
The Truth Social Bitcoin and Ethereum ETF decision was delayed to October 8 following its June submission. The SEC cited the need for "sufficient time to consider the proposed rule change and the issues raised therein."
Accountable.US called on the SEC to reject the ETF, citing conflicts with Trump's financial interests. The group's president, Caroline Ciccone, argued that approval could undermine public trust in markets.
Changes in SEC’s Stance on Crypto ETFs
The SEC has recently approved in-kind creations and redemptions for crypto ETFs, signaling a more flexible stance under new leadership. This marks a departure from the cautious approach seen during the Biden administration. Rulings on Solana ETFs and other proposals have also been postponed, suggesting a possible simultaneous review of multiple filers.
October presents a decisive moment for the SEC to rule on several crypto ETF applications that could significantly impact the market.
