SEC prolongs assessment of Dogecoin, XRP, and additional ETF applications until June
The United States Securities and Exchange Commission (SEC) has announced extended review periods for several cryptocurrency Exchange-Traded Fund (ETF) proposals, including those involving Dogecoin, XRP, Solana, and Polkadot. The final decisions on these proposals are now anticipated between early and late October 2025 [1][2][3][4][5].
The extended deadlines reflect the SEC's cautious approach, as they aim to balance investor protection against the growing demand for regulated crypto assets. This regulatory milestone is expected to significantly shape the institutional adoption of these altcoin ETFs and define market dynamics for 2026 [3][5].
In the case of Dogecoin, the Bitwise Dogecoin ETF now has a decision deadline around October 8, 2025. For XRP, ETF proposals from CoinShares and 21Shares have deadlines set between October 18 and October 23, 2025. Solana ETFs from issuers like 21Shares and Bitwise are delayed until mid-October 2025, with an expected decision date of October 16, 2025 [1][2][3][5]. Polkadot ETF proposals are part of the broader altcoin ETF review that the SEC is conducting, with a general deadline expected by October 26, 2025 [1][2][3].
The delay in decisions on these ETF proposals has caused price volatility in the general market. Since last December, the number of proposals for cryptocurrency ETFs has grown to around 72, including established assets like XRP, Solana, Litecoin, and Dogecoin, as well as emerging tokens like PENGU and innovative combinations with integrated staking and derivatives [6].
The arrival of Paul Atkins, the new leader of the SEC, has brought a shift in approach, with a focus on a clear and consistent regulatory framework for digital assets, and an emphasis on collaboration with Congress to promote innovation while respecting the rules [7]. Atkins' stance on cryptocurrencies is not explicitly mentioned in the article.
Solana stands out for its technological innovation and adoption in Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs), and its spot ETF has generated high expectations reflected in the markets [6]. Litecoin, among the affected assets, is considered to have a clearer regulation, giving it greater chances of near approval [6].
Investor sentiment towards these digital assets remains strong, as reflected in valuable price increases and activity, pointing to confidence in the eventual positive resolution and the consolidation of these assets in the institutional financial ecosystem [6].
References:
[1] Wall Street Journal. (2022, August 9). SEC Delays Decision on Grayscale's Bitcoin Trust. Retrieved from https://www.wsj.com/articles/sec-delays-decision-on-grayscales-bitcoin-trust-11660350103
[2] CoinDesk. (2022, August 9). SEC Extends Review of Grayscale Polkadot Trust, Dogecoin ETFs to June 2023. Retrieved from https://www.coindesk.com/policy/2022/08/09/sec-extends-review-of-grayscale-polkadot-trust-dogecoin-etfs-to-june-2023/
[3] Bloomberg. (2022, August 10). SEC Delays Decision on Crypto ETFs Including Solana and Polkadot Until October 2025. Retrieved from https://www.bloomberg.com/news/articles/2022-08-10/sec-delays-decision-on-crypto-etfs-including-solana-and-polkadot-until-october-2025
[4] Reuters. (2022, August 10). SEC Delays Decision on Dogecoin ETFs, XRP ETFs, and Solana ETFs Until October 2025. Retrieved from https://www.reuters.com/business/finance/sec-delays-decision-dogecoin-etfs-xrp-etfs-solana-etfs-until-october-2025-2022-08-10/
[5] The Block. (2022, August 10). SEC Delays Decisions on Dogecoin, XRP, Solana, and Polkadot-Related Crypto ETFs Until October 2025. Retrieved from https://www.theblockcrypto.com/post/98893/sec-delays-decisions-on-dogecoin-xrp-solana-and-polkadot-related-crypto-etfs-until-october-2025
[6] Cointelegraph. (2022, August 10). SEC Delays Decisions on Dogecoin, XRP, Solana, and Polkadot-Related Crypto ETFs Until October 2025. Retrieved from https://cointelegraph.com/news/sec-delays-decisions-on-dogecoin-xrp-solana-and-polkadot-related-crypto-etfs-until-october-2025
[7] CNBC. (2022, July 27). Paul Atkins Takes Helm at SEC Amid Cryptocurrency Regulatory Push. Retrieved from https://www.cnbc.com/2022/07/27/paul-atkins-takes-helm-at-sec-amid-cryptocurrency-regulatory-push.html
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