XRP News Today: SEC Extends Review for XRP Litecoin ETFs, Acknowledges Staked TRX ETF

The U.S. Securities and Exchange Commission (SEC) has extended its review period for several cryptocurrency exchange-traded fund (ETF) proposals, including those for XRP and Litecoin (LTC). This decision was announced on May 22, 2025, and involves applications from Bitwise and CoinShares for ETFs tied to these cryptocurrencies. The SEC's move to delay these decisions indicates a cautious approach to approving new crypto-related financial products, reflecting the ongoing regulatory scrutiny in the market.

The delay in the XRP and LTC ETFs suggests that the SEC is taking a more thorough review process, potentially due to the unique characteristics and risks associated with these cryptocurrencies. The SEC has requested additional time to review the paperwork submitted by Bitwise and CoinShares, allowing for a 21-day public comment period followed by a 35-day rebuttal period. This extended review process highlights the need for applicants to provide comprehensive information and address potential risks associated with their proposals.

In contrast, the SEC has acknowledged the filing for a staked TRX ETF by Canary Capital Group. This development marks a significant step forward in the crypto ETF landscape, as it represents the first staked crypto ETF to gain traction with the SEC. The proposal, submitted to the Cboe BZX Exchange, seeks to list and trade shares under BZX Rule 14.11(e)(4). The SEC's acknowledgment of this filing signals a potential shift in the regulatory stance towards staked crypto ETFs, offering cautious optimism for the market.

The advancement of the TRX fund by Canary Capital suggests that the SEC is willing to consider innovative crypto financial products, provided they meet the necessary regulatory standards. This development could pave the way for similar products in the future, as it demonstrates the potential for innovative financial products in the market. However, the delay in the XRP and LTC ETFs serves as a reminder that the regulatory process for crypto ETFs remains challenging and uncertain.

The SEC's decision to delay these ETFs reflects its commitment to conducting a thorough review of crypto-related financial products, ensuring that they meet the necessary regulatory requirements and address potential risks. The acknowledgment of the staked TRX ETF filing by Canary Capital, meanwhile, offers a glimpse into the future of crypto ETFs, as it demonstrates the potential for innovative financial products in the market. The SEC's cautious approach is likely driven by its mandate to protect investors and maintain market integrity, highlighting the need for applicants to provide comprehensive information and address potential risks associated with their proposals.