SEC Pushes Back XRP ETF Plans Again, Adding Delays for Dogecoin, Solana, and Litecoin Proposals

The U.S. Securities and Exchange Commission (SEC) has once again slowed down momentum in the crypto ETF space, postponing a decision on 21Shares' proposal for an XRP exchange-traded fund (ETF). This delay comes at a time of mounting optimism following regulatory progress and increased interest from traditional finance.

In addition to the XRP ETF pause, the SEC has stalled at least five other altcoin-related ETF applications, including Grayscale’s Dogecoin ETF and multiple Solana filings. Two more products were delayed today, marking a wave of setbacks that have frustrated parts of the crypto investment community.

The SEC’s cautious stance isn't surprising to ETF experts. According to Bloomberg analyst James Seyffart, these delays are typical of how the Commission handles novel crypto-based financial products. Seyffart suggested that meaningful approvals—if they happen—aren’t likely before late June or early July, and perhaps not until Q4 of this year.

“If there’s no hard deadline, the SEC will take every bit of time it’s allowed,” Seyffart noted. “It’s all part of the process.”

Meanwhile, excitement surrounding an XRP ETF has been steadily growing, especially after Brazil became the first country to launch one. That milestone, along with the launch of XRP futures on the Chicago Mercantile Exchange (CME), has fueled community speculation and even false rumors of imminent U.S. approval.

These market developments have stirred enthusiasm—but also impatience. The SEC’s delays are feeding anxiety among retail investors eager for the U.S. to catch up to global innovation in crypto investment vehicles.

Even Litecoin, widely seen as a “safe bet” for a future ETF due to its commodity-like classification, hasn’t escaped the slowdown. Earlier filings for a Litecoin-based product were also pushed back, adding to the sense that no altcoin is getting fast-tracked anytime soon.

Still, analysts maintain a long-term optimistic view. The SEC is now operating under leadership seen as more open to crypto, and the sheer volume of ETF proposals reflects the growing institutional appetite for regulated exposure to digital assets.

For now, though, the message from Washington is clear: the crypto ETF revolution will not be rushed.