The SEC delayed the consideration of the ETF for Solana, XRP, Litecoin, and Dogecoin due to the standard regulatory procedure.

An additional factor was the uncertainty in leadership following the resignation of Chair Gary Gensler: a new candidate has not yet been approved. Despite the delay, experts remain optimistic: approval is expected in 2025. The likelihood of a positive decision is 65–90% depending on the asset. This is not a rejection, but part of the process. The SEC is expected to make a final decision by October.