XRP News Today: SEC Delays Decisions on Solana, Litecoin ETFs Until 2025

The U.S. Securities and Exchange Commission (SEC) has recently delayed decisions on several altcoin ETF proposals, including those for Solana (SOL) and Litecoin (LTC). The SEC announced that it would wait until October 2025 to decide on the next steps for Grayscale’s spot SOL Trust ETF. Similarly, the SEC delayed its response to the proposed Grayscale Litecoin Trust, citing the need for more time to evaluate whether the filings meet legal and market structure requirements.

This delay comes despite a more favorable regulatory environment under the current administration, which has shown a pro-crypto stance. Since President Trump assumed office in January, the tone around crypto has dramatically changed, with positive legislative and regulatory progress being made. However, challenges remain, particularly in the approval of altcoin ETFs.

Over 70 altcoin ETF applications are currently awaiting SEC approval. The regulator approved spot Bitcoin ETFs last year, marking the most successful launch in ETF history. Following this, the SEC greenlighted Ethereum ETFs a couple of months later. The appointment of Paul Atkins as the new SEC chair, following the election of a crypto-friendly President, has further fueled hopes for more crypto-related products.

Investment managers are now submitting applications for new crypto ETFs, with prominent asset managers like Bitwise, Franklin Templeton, Grayscale, and 21Shares leading the charge. Coins like SOL, Ripple-affiliated XRP, and Cardano’s ADA are among the biggest targets for issuers. However, the SEC's delay in deciding on these proposals suggests that the regulatory hurdles for altcoin ETFs remain significant.

Investors are now looking to the Polkadot and XRP-based ETFs deadlines next month. While those decisions may also be postponed, the SEC is expected to take an overall friendlier approach to crypto ETFs than in the previous administration. The delay in deciding on the SOL and LTC ETF proposals highlights the ongoing challenges in the altcoin ETF approval sphere, despite the pro-crypto makeover by the SEC under the current administration.