On March 11, 2025, the U.S. Securities and Exchange Commission (SEC) announced a delay in its decisions regarding several applications for exchange-traded funds (ETFs) linked to alternative cryptocurrencies such as Ripple (XRP), Solana (SOL), Litecoin (LTC), Dogecoin (DOGE), and Cardano (ADA). These applications involve institutions such as Grayscale, Canary Capital, Bitwise, 21Shares, and Franklin Templeton.

While the SEC continues to review applications for index funds linked to alternative cryptocurrencies, indicators suggest strong possibilities for approval later in 2025, especially with increasing institutional interest and an improved regulatory environment.