- The US stock exchange supervision SEC has justified the deadline extension for its decision on several applications for crypto ETFs.
- Bloomberg sees it as a standard procedure without influence on the factual decision.
The US Verwaffle and Börsen supervisory authority (SEC) has announced that it can move the decisions about various altcoin-based Exchange Traded Funds (ETF). According to the one on your website published Information was made this decision to ensure that a longer period for advice on a proposed change of control that would make it possible to make these ETFs would be provided.
Application details
When checking the application of March 11, we found that the ETFs concerned include Grayscale for Dogecoin (Doge), XRP, Litecoin (LTC) and Cardano (ADA) ETFs. The XRP ETFs submitted by 21shares, Canary Capital and Bitwise were also affected. The Solana ETF requested by 21shares, Canary and Vaneck and the Litecoin ETF requested by Canary were also delayed. In the meantime, the agency gave similar reasons for the delay in the contribution to the facts and the returns for Blackrocks IBIT as well as FBTC and Feth from Fidelity.
Regardless of this, the agency confirmed the submission of the Hedera (Hbar) ETF of Grayscale and a dog-related submission of Bitwise, after informing other asset managers in a similar way, as described in our last new article. On the same day, Franklin Templeton joined the list of institutions that submitted an S-1 form for an XRP ETF.
James Seyffart, ETF analyst at Bloomberg, pointed out that these delays are not a reason to worry because it is standard procedures.
According to Seyffart, the last period of October 2025. This means that the current development does not change its “high probability of admission”, which was emphasized in our previous article. Above all, Seyffart recalled his followers that Paul Atkins has not yet been confirmed as a second chairman. According to our research, the White House still has to present the documents that the Senate needs to hear a hearing for its confirmation.
Practice of the simultaneous admission of crypto ETFs
The Bloomberg recently emphasized ETF analyst team, consisting of Seyffart and Eric Balchunas, that the Litecoin ETF has a 90 percent chance of approval. Logically, it is expected that Dogecoin, Solana and XRP will follow him in the order. However, they believe that the classification of assets by the SEC will play a crucial role based on raw materials and securities.
As CNF reported, the Bloomberg analysts said that the approval of the XRP ETFs could be delayed, since their securities status is currently being challenged in court. However, the Reserve Bank of Australia has made it clear that this is not as easy as people think. According to a document shared by the bank, an asset that was classified as security could still be included in an ETF, while the packaging of an ETF could be complicated:
“The establishment of stock markets traded instruments for raw materials is somewhat more complicated than with stocks. The regulation and the illiquidity of many raw material markets mean that raw materials cannot be structured in the same legal form in some cases as conventional ETFs. ”
