tl;dr
The SEC has delayed the approval of 21Shares’ XRP ETF filing as well as at least three other altcoin ETF applications, including Dogecoin and Solana products. Despite regulatory optimism and recent market enthusiasm, the Commission is taking a cautious, slow approach, often postponing decisions to t...
The SEC has delayed 21Shares’ XRP ETF filing along with several other altcoin ETF applications, including Dogecoin, Solana, and Litecoin products. Despite positive regulatory signals and strong community enthusiasm fueled by recent launches, futures trading, and optimistic leadership, the Commission is maintaining a cautious, slow decision-making process.
The crypto community's excitement around XRP ETFs is palpable, especially after the world's first such product began trading in Brazil and XRP futures launched on the CME. However, this buzz has also led to impatience and false rumors about SEC approvals. The Commission’s consistent postponements throttle this enthusiasm by pushing decisions back, sometimes by weeks.
ETF analyst James Seyffart highlights the SEC’s deliberate, thorough review timeline, suggesting spot crypto ETF approvals won’t come any earlier than late June or early Q4. Seyffart notes the SEC typically takes full advantage of the allowed review period, emphasizing the bureaucratic weight of these transformative decisions.
Despite the regulatory optimism and a pro-crypto leadership, the SEC’s approach remains methodical and slow. It routinely delays applications where feasible, affecting not only XRP ETFs but also grayed-out Dogecoin products and multiple Solana ETF filings. Litecoin ETFs, viewed by many as likely to be the first altcoin ETFs approved due to clear commodity status, are also caught in these postponements.
This pattern underscores a broader truth: government institutions like the SEC operate on timelines much slower than the fast-paced crypto market. Regardless of market optimism or leadership shifts, the Commission will not rush approvals but rather follow a deliberate process consistent with regulatory prudence.
Ultimately, while setbacks continue and patience is tested, the likelihood of eventual approval for XRP and other altcoin ETFs remains high. Investors and enthusiasts should prepare for a long wait as the SEC carefully balances innovation with cautious oversight in the evolving cryptocurrency landscape.