The US Securities and Exchange Commission (SEC) recently announced delays on five cryptocurrency-related exchange-traded fund (ETF) applications, affecting various assets such as Solana (SOL), XRP, Hedera (HBAR), Dogecoin (DOGE), and Ethereum (ETH). This decision was anticipated by ETF analysts James Seyffart and Eric Balchunas from Bloomberg.
Seyffart mentioned that the delays were expected, as the final deadlines for most of these ETFs are set for October 2025 or later. He also hinted at the possibility of more delays in the coming weeks, considering the numerous crypto ETFs awaiting approval from the SEC.
Balchunas highlighted that the SEC was unlikely to make any decisions until Chair Paul Atkins officially assumed office. He speculated that the SEC might be strategizing after conducting external meetings before moving on to approvals.
Typically, SEC decisions on crypto ETF applications follow specific statutory deadlines, ranging from 45 to 240 days after the publication of a filing in the Federal Register. The delay in approvals has pushed the final deadlines for these products to the third and fourth quarters of 2025, according to the ETF approval calendar compiled by Bloomberg analysts.
For instance, the Franklin Spot XRP ETF is now expected to receive a decision by November 5, 2025, while the Franklin Spot Solana ETF is awaiting a ruling by October 7, 2025. The Grayscale Hedera ETF and Bitwise Dogecoin ETF have final deadlines set for October 8, 2025. Meanwhile, Fidelity’s Ethereum staking provisions are still pending, with earlier stages completed in April 2025.
These delays align with standard SEC procedures, allowing the agency more time to evaluate the applications without outright denials. The crypto community eagerly awaits further developments as the SEC continues its assessment of these ETF proposals.
In other news, the latest Alpha Market Report offers valuable insights into the current market trends and opportunities. Stay tuned for more updates on the evolving cryptocurrency landscape.