SEC ETF Approval Rescheduled For XRP, SOL, ADA, LTC, DOGE

SEC ETF Approvals Rescheduled for XRP, SOL, ADA, LTC to DOGE. The deadline for ETF approval was supposed to be April.

However, the SEC has decided to reschedule the ETF approval schedule to May.

The SEC revealed that they need additional time to review each incoming ETF proposal.

SEC ETF Approval Rescheduled, ETF New Deadline 

The U.S. Securities and Exchange Commission (SEC) has recently postponed decisions on several cryptocurrency spot exchange-traded funds (ETFs) involving assets like XRP, Solana (SOL), Cardano (ADA), Litecoin (LTC), and Dogecoin (DOGE). 

This delay affects filings from asset managers such as Grayscale, Canary Capital, Bitwise, and 21Shares. 

While these postponements are standard procedure, Bloomberg analysts James Seyffart and Eric Balchunas maintain that the approval prospects for these ETFs remain relatively high, with final decisions expected by October 2025

​The U.S. Securities and Exchange Commission (SEC) has recently updated its decision dates for several cryptocurrency spot exchange-traded funds (ETFs). Here are the revised schedules:​

• VanEck Spot Solana ETF: Decision by May 19, 2025

• Canary Spot Litecoin ETF: Decision by May 13, 2025.​

• Canary Spot Solana ETF: Decision by May 19, 2025

• Canary Spot XRP ETF: Decision by May 22, 2025

• Canary Spot ADA ETF: Decision by May 29, 2025

• Grayscale Spot XRP ETF: Decision by May 22, 2025.​

• Grayscale Spot Dogecoin ETF: Decision by May 21, 2025.​

These extensions allow the SEC additional time to review the proposed rule changes. The final decisions are now expected by May 2025. 

Bloomberg analysts anticipate that the approval prospects for these ETFs remain relatively high, with final decisions expected by October 2025.

Read Also: SEC Reportedly Set to Approve Eco-Friendly Bitcoin ETF

Impact of Delayed SEC ETF Approval 

The ETF delays likely lead to a more cautious and bearish sentiment surrounding altcoins like Solana, Cardano, Litecoin, and Dogecoin. 

However, the long-term outlook remains positive as investors continue to see ETF approval as a significant milestone that could bring institutional legitimacy and capital inflows. 

While these delays create uncertainty, they also keep the focus on regulatory clarity and the potential for substantial growth in the altcoin market once approvals come through.

Altcoin Specific Sentiment

1. Solana (SOL)

Solana has been seen as a "promising competitor" to Ethereum, but its market is sensitive to both regulatory news and technological developments. 

The ETF delay may create uncertainty, especially for Solana's future in institutional portfolios. 

However, Solana's strong developer ecosystem and growing institutional use cases might cushion the impact in the long term.

2. Cardano (ADA)

Cardano's community has often expressed frustration over slow adoption, and this delay may further exacerbate those concerns. 

However, Cardano’s focus on building real-world solutions and adoption may provide long-term support for the asset, with the ETF approval acting as a final push for its mainstream success.

3. Litecoin (LTC)

Litecoin has often been viewed as a "store of value" and a "lite" version of Bitcoin. For LTC, ETF approval could help it gain broader exposure, especially among institutional investors seeking to diversify their portfolios. 

The delay, while disappointing, may not have a long-lasting negative effect on Litecoin’s long-term sentiment.

Read Also: Could Dogecoin (DOGE) Become an ETF?

4. Dogecoin (DOGE)

As a meme coin, Dogecoin’s market movements are often driven more by social media sentiment and celebrity endorsements than by traditional financial products. 

However, the possibility of an ETF could help legitimize Dogecoin in the eyes of institutional investors, leading to a potential long-term price boost. 

For now, the delay might cause a temporary dip in its price, but it may not fundamentally alter the overall enthusiasm for Dogecoin’s future.

Final Note

The rescheduling of the SEC's ETF approval for cryptocurrencies like XRP, Solana (SOL), Cardano (ADA), Litecoin (LTC), and Dogecoin (DOGE) creates a mix of short-term uncertainty and long-term optimism. 

In the short term, the delay might cause price volatility and bearish sentiment among investors who were hoping for quick gains from these ETFs, particularly those looking for institutional adoption as a growth catalyst. 

This could lead to caution in the market, with some shifting focus to other assets or financial products.

However, looking ahead, the delay only extends the timeline for what many see as a significant milestone for the altcoin market. 

Once these ETFs are eventually approved, they are expected to attract institutional investors and bring more legitimacy to these altcoins, potentially boosting their market positions. 

Read Also: First XRP ETF Approved in Brazil, Not U.S

While altcoin communities may feel frustration, the long-term outlook remains positive, as ETF approval is seen as an essential step toward wider adoption and growth for these assets.

Ultimately, the SEC's rescheduling of ETF decisions highlights the ongoing regulatory process and the high stakes for cryptocurrencies like XRP, SOL, ADA, LTC, and DOGE. 

The impact on sentiment is a mixture of short-term bearishness with the hope for a strong market rebound once the ETFs are approved, signaling a brighter future for altcoins in the global financial landscape.

FAQ

1. Why has the SEC rescheduled its decision on ETFs for XRP, Solana, Cardano, Litecoin, and Dogecoin?

The SEC has delayed its decision to carefully review the proposed rule changes and the potential impact of these ETFs on the broader market. This is a standard regulatory process to ensure the financial products meet regulatory standards and provide investor protection.

2. How will the SEC's delay in approving these ETFs impact the crypto market?

In the short term, the delay might cause market volatility and bearish sentiment, as investors hoping for institutional adoption via ETFs could be disappointed. However, in the long term, ETF approval could bring more institutional capital and legitimacy to these altcoins, potentially boosting their market performance.

3. What are the expected new dates for the SEC's decision on these ETFs?

The SEC has rescheduled the decision for these ETFs to various dates in 2025, with most expected to be decided by May or June 2025. The final decision on many of these ETFs is anticipated around October 2025.

4. What is the significance of ETF approval for altcoins like XRP, Solana, and Dogecoin?

ETF approval could open the door for institutional investors to more easily invest in these altcoins. It would provide more legitimacy and credibility to these cryptocurrencies, helping to increase demand and potentially stabilize their prices over the long term.

5. What impact could the delay have on the long-term growth of altcoins like XRP, SOL, ADA, LTC, and DOGE?

While the delay may cause short-term market uncertainty, it doesn’t change the long-term growth prospects for these altcoins. Once the ETFs are approved, they could attract significant institutional investment, driving growth and adoption of these cryptocurrencies in the broader financial market.