The Securities and Exchange Commission (SEC) has delayed its decision on the Canary Spot $XRP ETF, along with several other cryptocurrency ETFs, including those for Litecoin, Solana, and Dogecoin. This move gives the SEC more time to review the proposals and consider public comments ¹ ² ³.
The SEC has extended the review period for the 21Shares Core XRP Trust until October 19, 2025, and will likely make a decision on all eight pending spot ETF applications by then ¹ ². Analysts remain optimistic about the approval odds for these ETFs, with Bloomberg ETF analyst James Seyffart calling the delay "standard procedure" ³.
The delayed ETFs include:
- *Canary Capital's XRP ETF*: A spot ETF tracking the price of XRP
- *21Shares' XRP ETF*: A spot ETF tracking the price of XRP
- *CoinShares' XRP ETF*: A spot ETF tracking the price of XRP
- *Grayscale's XRP ETF*: A spot ETF tracking the price of XRP
- *Bitwise's XRP ETF*: A spot ETF tracking the price of XRP
- *Litecoin ETFs*: Spot ETFs tracking the price of Litecoin
- *Solana ETFs*: Spot ETFs tracking the price of Solana
- *Dogecoin ETF*: A spot ETF tracking the price of Dogecoin
The SEC's decision will likely have a significant impact on the cryptocurrency market, as the approval of these ETFs could lead to increased institutional investment and mainstream adoption ¹ ² ³.
