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- Crypto investors face delays as the SEC extends review deadlines for spot XRP ETFs from 21Shares, Bitwise, and Grayscale.
- The 21Shares XRP ETF decision was postponed to October 19, 2025, allowing more time for regulatory review.
- Other crypto ETFs, including Solana and Litecoin, face delays, with major decisions expected by October 2025.
Crypto investors should expect more waiting time because the United States Securities and Exchange Commission (SEC) has delayed its ruling on a number of high-profile spot XRP ETFs. The SEC has given 21Shares, Bitwise, CoinShares, Canary Capital, and Grayscale filing reviews beyond the 21-day compulsory review period as it remains cautious on approving cryptocurrency-based investments in the U.S.
XRP Trust and Other Crypto ETFs Face Extended Review
According to the release, the 21Shares Core XRP Trust faced a delay in its official launch due to the SEC’s decision. The new date is October 19, 2025, originally planned to be decided on August 20, 2025. This extension will give the SEC additional time to weigh in on public comments and other regulatory considerations. In the event the agency fails to meet the decision within the new deadline. It loses its statutory review period on the proposal.
Bitwise, CoinShares, and Grayscale have also reported that their ETF proposals are suffering similar delays to that of CoinShares, with all four proposals now carrying the October deadline. Analysts assume there is a possibility of the SEC approving such funds collectively. As it did before in the case of Bitcoin and Ethereum ETFs.
Besides the XRP ETFs, the SEC is evaluating other crypto-related ETFs, such as applications by WisdomTree, Franklin Templeton, and REX-Osprey. It is important to note that the largest asset manager globally, BlackRock, has eliminated the possibility of ordaining an XRP ETF, further constraining the number of applicants.
Source: SEC
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Crypto ETFs Face Delays as SEC Extends Review
The SEC delays are not confined to XRP. The commission has also postponed its evaluation of Solana ETFs, which will now be decided in October. Altcoins, including Dogecoin, Litecoin, and Cardano, are also awaiting approval as an exchange-traded fund (ETF). These filings are in response to the growing trend of obtaining mainstream approval for cryptocurrency investment vehicles.
The SEC has also postponed its ruling on the CoinShares Litecoin ETF. Which is currently under a review date on October 23, 2025. The same delays have also been imposed on the Canary Capital and Grayscale Litecoin ETFs that are also to be reviewed on the same date.
Moreover, ETFs that deal with assets locked in staking, such as the 21Shares Ethereum ETF and Grayscale Dogecoin ETF, will not make decisions until October.
As several major deadlines loom ahead. The SEC will play a critical role in determining the future of crypto ETFs in the U.S. The developments will be closely monitored by analysts as regulators keep evolving their framework surrounding cryptocurrency-driven financial products.
Also Read: Bitcoin Faces Uncertainty as $3.78 Billion in Dormant BTC Moves
