On April 30, 2025, Coinlive reported that the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the approval of multiple cryptocurrency ETF applications. The products involved include Franklin's SOL and XRP ETFs, Grayscale's HBAR ETF, Bitwise's DOGE ETF, the staking plan for Franklin and Fidelity's Ethereum ETFs, Franklin's cryptocurrency ETF, and Invesco Galaxy's physical subscription and redemption mechanism for Bitcoin and Ethereum ETFs.

Regulatory documents released on April 24 show that the SEC has extended the deadline for its decision on Grayscale's application to convert the Polkadot Trust to a spot ETF and Canary Capital's proposed HBAR spot ETF listing plan to June 11, and Bitwise's proposed Bitcoin and Ethereum ETF approval has been extended to June 10.

Previously, the SEC had also postponed the approval of cryptocurrency spot ETFs multiple times, such as in 2023 regarding Bitcoin.