SEC Delays Multiple Crypto ETF Decisions — What’s the Impact?
The U.S. Securities and Exchange Commission (SEC) has extended its review period for several high-profile cryptocurrency ETFs, pushing decision deadlines into October 2025. Affected filings include:
NYSE Arca’s Truth Social Bitcoin & Ethereum ETF (New deadline: October 8)
Solana ETFs from 21Shares and Bitwise (Now due October 16)
XRP ETFs from 21Shares, CoinShares, Canary Capital, Grayscale, and Bitwise (Extended into mid-late October, e.g., 21Shares by October 19, CoinShares by October 23)
Litecoin and Dogecoin ETF applications have also been delayed, although no specific dates were given
Additionally, Bitwise’s in-kind creation/redemption model for $BTC /$ETH ETFs has been extended to September.
Why These Delays Matter
1. Regulatory Caution Expected
The SEC is taking its time—possibly developing a structured approval framework—rather than issuing rejections. Analysts note that using the full extension window is standard practice for such applications .
2. Market Pressure Builds
Investors awaiting altcoin ETFs may remain sidelined, waiting for clarity. This could delay inflows into Solana, XRP, and others and prolong altcoin volatility.
3. Institutional Momentum Pauses
Confidence generated by Bitcoin and Ethereum ETFs now faces renewed pressure as altcoin ETF timelines remain uncertain.
4. October Becomes a Turning Point
If approvals occur en masse this fall, it could ignite a broader ETF cycle beyond BTC and ETH.
