The logo of SEC is seen at its headquarters in Washington, DC. Source: Tada Images - stock.adobe.com

Key Takeaways:

The SEC has postponed decisions on multiple crypto ETFs, including those for XRP, Solana, Litecoin, and Dogecoin, pushing deadlines to May.
Bloomberg analysts note that the delays were expected and do not necessarily impact approval odds, with final decisions stretching into October.
The SEC is undergoing leadership changes, with former Chair Gary Gensler’s resignation and Trump’s nomination of Paul Atkins, a more crypto-friendly candidate.

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on several cryptocurrency exchange-traded fund (ETF) proposals, including those for XRP, Solana, Litecoin, and Dogecoin.

In a series of filings on March 11, the SEC announced it had “designated a longer period” for review, pushing decision deadlines to May for some ETFs, such as Grayscale’s XRP ETF and Cboe BZX Exchange’s spot Solana ETF.

Yes, the SEC just punted on a bunch of alt coin ETF filings including Litecoin, Solana, XRP & DOGE. It's expected as this is standard procedure & Atkins hasn't even been confirmed yet. This doesn't change our (relatively high) odds of approval. Also note that the final deadlines…
— James Seyffart (@JSeyff) March 11, 2025

Bloomberg ETF analyst James Seyffart described the delays as routine, noting they do not impact the overall likelihood of approval.

He also pointed out that the final deadlines for these ETFs won’t arrive until October.

Fellow analyst Eric Balchunas added that the SEC has also delayed decisions on Ethereum staking and in-kind redemptions, further extending regulatory uncertainty.

The postponements come as the SEC undergoes leadership changes.

ETF News: The #SEC has filed 45 day extentions of action to the @Solana $SOL @litecoin $LTC @dogecoin $DOGE and @Ripple $XRP ETF applications.

Next decisions on approval will be on or before April 4th 2025. pic.twitter.com/gNyKWcG4DE
— MartyParty (@martypartymusic) March 11, 2025

Former Chair Gary Gensler, known for his strict crypto stance, resigned in January.

Since then, some enforcement cases against crypto firms have been dismissed.

President Donald Trump has nominated former SEC Commissioner Paul Atkins, a more crypto-friendly figure, as the new chair, though his confirmation remains pending.

The delays reflect ongoing regulatory shifts, but industry participants remain optimistic about eventual ETF approvals.