The U.S. Securities and Exchange Commission (SEC) has recently postponed its approval decisions for several cryptocurrency spot ETFs, including applications for assets such as XRP, Dogecoin (DOGE), Solana (SOL), and Litecoin (LTC). The new approval deadlines have been pushed to mid to late May 2025, with VanEck's Solana ETF scheduled for May 19, Canary's Litecoin ETF for May 13, and Grayscale's Dogecoin ETF extended to May 21.

The SEC stated that it needs more time to review these proposals to ensure market compliance and investor protection. Bloomberg ETF analyst James Seyffart believes that such delays are part of standard procedure and do not necessarily indicate a final rejection. Market reactions have been cautious, with some token prices experiencing short-term corrections; however, in the long run, approval could still lead to institutional capital inflows. Currently, the SEC's approval stance is still influenced by the nomination of the new chairman and the policy environment, and investors need to closely monitor subsequent developments.