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SEC Postpones Verdicts on Dogecoin, Litecoin, Solana, and XRP ETFs

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by Giorgi Kostiuk

4 hours ago


The U.S. Securities and Exchange Commission (SEC) chaired by Mark Uyeda has postponed decisions on multiple exchange-traded funds (ETFs) involving cryptocurrencies like Dogecoin, Litecoin, Solana, and XRP. This decision has raised questions about the reasons for the delays amidst growing demand for such products.

SEC's Postponement on Altcoin ETFs

On March 11, 2025, the SEC announced delays for several high-profile crypto ETFs filed by firms like Grayscale, 21Shares, Canary Capital, and Bitwise. These filings included well-known altcoins like Dogecoin, Litecoin, and XRP. One notable filing was Grayscale's proposal for a spot XRP ETF, marking its first acknowledgment by the SEC. While delayed, the proposal was not entirely dismissed, as regulators expressed a need for further analysis.

What's Causing the Delays?

Regulatory delays in the crypto sphere, especially concerning ETFs, are not uncommon. The SEC has consistently exercised caution in approving crypto ETFs due to concerns over market manipulation and a lack of clear regulations. Bloomberg ETF analyst James Seyffart notes that these delays were anticipated and are part of the standard review process for such applications.

Growing Interest in XRP ETFs

One of the most talked-about filings is Grayscale's XRP ETF. As the first XRP ETF application acknowledged by the SEC, it has gained significant interest within the crypto community. Other major firms, such as Bitwise and Canary Capital, have also filed for XRP ETFs.

Approval of crypto ETFs is considered a crucial step towards bringing transparency and regulation to the crypto market. These products offer investors a way to participate in the digital asset market through traditional financial instruments, maintaining the usual standards of security and transparency.

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