On April 29, 2023, at 5:00 PM Eastern Time, the U.S. Securities and Exchange Commission (SEC) postponed its approval decisions on several cryptocurrency spot ETFs, including Franklin Templeton's spot Solana (SOL) and XRP ETFs, Grayscale's spot Hedera (HBAR) ETF, and Bitwise's Dogecoin (DOGE) ETF, among others. According to Bloomberg ETF analysts, this move was anticipated, as most projects have final deadlines in October 2025 or later.

This postponement aligns with the SEC's usual practice of extending the evaluation period without making a decision to reject the applications. Currently, about 72 Crypto ETFs are awaiting SEC approval, with their application deadlines approaching. Before SEC Chairman Paul Atkins officially takes office, it is unlikely that the SEC will make any decisions on this matter, but the market generally believes that the likelihood of these ETFs being approved in 2025 is high.