TLDR
- SEC delays XRP, Litecoin, BTC & ETH ETF rulings until October decisions loom.
- Crypto ETF hopes stall as SEC pushes all major altcoin filings to October.
- SEC hits pause on XRP, LTC, and hybrid ETFs; final verdicts now due in Oct.
- Crypto ETF plans face delays: SEC defers XRP, LTC, Truth Social proposals.
- Altcoin ETF approval waits grow longer as SEC postpones key October rulings.
The U.S. Securities and Exchange Commission (SEC) has postponed decisions on multiple spot crypto ETFs, extending review periods to October. Proposed ETFs tied to XRP, Litecoin, Bitcoin, and Ethereum are among the affected products. These delays impact applications from firms including 21Shares, CoinShares, Bitwise, Grayscale, and Truth Social.
SEC Pushes XRP ETF Decisions for Multiple Filings
The SEC has extended its review of the 21Shares Core XRP Trust until October 19, beyond the original August 20 deadline. The agency stated it required more time to assess the amended filing submitted earlier in February. This ETF is planned for listing on the Cboe BZX Exchange.
💥BREAKING:
SEC SAYS MORE TIME NEEDED TO REVIEW SPOT #XRP ETF FILINGS FROM 21SHARES & COINSHARES. pic.twitter.com/qvoUk5Z773
— STEPH IS CRYPTO (@Steph_iscrypto) August 18, 2025
CoinShares’ XRP ETF, slated for the Nasdaq Stock Market, faces an extended deadline of October 23. CoinShares initially filed its proposal on February 7 and published it on February 25. The SEC initiated proceedings in May and has now designated additional time for a complete evaluation.
Bitwise, Grayscale and Canary Capital also submitted XRP ETF proposals and received similar deadline extensions. All five applications now face final decisions in October, raising expectations for a synchronized ruling. Notably, BlackRock has publicly declined to pursue an XRP ETF, distancing itself from this group.
Litecoin ETF Decisions Delayed Amid Broader Review
CoinShares also saw its Litecoin ETF decision pushed to October 23, which was initially due by August 24. The SEC cited the need for more time to assess the proposed rule changes under the Exchange Act. Canary Capital and Grayscale have also filed for Litecoin ETF listings, adding to the regulatory backlog.
The pending Litecoin ETFs are part of a broader push to secure regulatory approval for altcoin-based investment products. While Bitcoin and Ethereum ETFs received green lights last year, these newer proposals face longer scrutiny. The SEC has not issued any approvals for altcoin ETFs beyond BTC and ETH.
This marks the second significant delay for Litecoin ETFs, as the SEC had previously extended review timelines in Q2. Market observers expect that if any approvals are granted, they will likely occur in a single batch. This mirrors the approval pattern seen in earlier Bitcoin and Ethereum spot ETFs.
Truth Social and Other Hybrid ETFs Also Face Delay
The SEC has extended its review of the Truth Social Bitcoin and Ethereum ETF to October 8. This ETF, filed in June proposes a 75% Bitcoin and 25% Ethereum asset allocation. The application had a prior deadline of August 24.
The agency also delayed decisions on Truth Social’s broader “Blue Chip Crypto ETF,” which includes BTC, ETH, XRP, SOL, and CRO. While not giving approval or disapproval yet, the SEC noted the proposals’ complexity. The hybrid nature of these ETFs may require more analysis under current market conditions.
Other pending ETFs tied to Solana, Dogecoin, Cardano, and Avalanche also remain under review. The SEC may issue final rulings for all pending crypto ETFs in October. This would bring clarity on the future of regulated crypto ETFs in the U.S. market.
