The United States Securities and Exchange Commission (SEC) has delayed its decisions on three high-profile spot XRP ETF proposals, extending deadlines for Bitwise, CoinShares, and 21Shares — a testament to ongoing regulatory conservatism in listing ETF products in the United States.
XRP ETFs Decision Postponed October 19
In a release, the SEC officially prolonged its review of the 21Shares Core XRP Trust, moving its decision beyond the initial August 20 deadline by an additional 60 days. The new deadline is October 19, 2025
This comes after the initial submission on February 6, 2025, and its superseding Amendment No. 1 on February 12. The extension gives the Commission ample time to balance public comment and regulatory factors under the Exchange Act. In the absence of approval or disapproval by October 19, the SEC forfeits its statutory review period for the 21Shares proposal.
The SEC also put out a similar release for Bitwise and CoinShares XRP ETFs. The Commission will now have until October to decide whether or not to approve these funds. The agency is likely to approve all these funds simultaneously, as it did with the Bitcoin and Ethereum ETFs.
If so, the Commission will decide on all these funds by October 17, which is the first final deadline among the eight pending spot ETF applications. These include Grayscale, Canary Capital, WisdomTree, Franklin Templeton, and REX-Osprey, alongside the other three, which saw delays today. Notably, the world’s largest asset manager, BlackRock, has publicly ruled out an XRP ETF filing.
Meanwhile, the SEC has also moved to delay other altcoin ETFs and pending filings. As CoinGape reported, the Commission announced that it is extending the review period for Truth Social’s Bitcoin and Ethereum ETF.
The agency also delayed the Solana ETFs till October, indicating that all pending crypto ETFs could launch at the same time. There are also pending applications for altcoins such as Litecoin, Dogecoin, Cardano, Hedera, PENGU, and Avalanche.
SEC Also Delays Litecoin and Ethereum ETF Decisions
Among them, the agency postponed its decision on the CoinShares Spot Litecoin ETF, as well as the Digital World Acquisition Corp.-linked Truth Social Bitcoin and Ethereum ETFs, shifting the final determination deadline to October 8, 2025.
The Truth Social-affiliated funds are being proposed through collaboration with United Atlantic Trust and are seeking to offer spot exposure to both Bitcoin (BTC) and Ethereum (ETH).
As for CoinShares’ Litecoin ETF, the product is designed to mirror the firm’s XRP and Bitcoin ETF structure, using regulated custodians and real-time pricing indices. The application is currently lodged with the Nasdaq Stock Market, which submitted the required rule change under Rule 5711(d) earlier this year.
The SEC’s extension was published via multiple filings and follows a pattern of caution applied to crypto-based financial instruments. According to the agency, the delays are meant to allow “sufficient time to consider the proposed rule changes and the issues raised therein.”
Coingape Staff
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