- The SEC has delayed decisions on major crypto ETFs, including Dogecoin and XRP, pushing deadlines to June 2025.
- Solana and Hedera ETF approvals face further delays, with final deadlines now expected in October 2025 or later.
- The SEC’s Crypto Task Force is working on a new regulatory framework, expected by August—this could shape future ETF approvals.
The SEC is back at it with the delays. Today, the agency announced it’s extending the review periods for two major crypto ETF proposals: NYSE Arca’s Bitwise Dogecoin ETF and Cboe BZX Exchange’s Franklin XRP Fund.
The new deadlines? June 15, 2025, for Dogecoin and June 17, 2025, for XRP. The commission assesses that it needs more time to evaluate the filings, according to the filing.
And that’s not all. The SEC has also hit pause on several other crypto ETF applications, including the Franklin Spot Solana ETF and the Grayscale Spot Hedera ETF. According to Bloomberg ETF analyst James Seyffart, more delays for Solana- and Hedera-related filings are expected this week, with final deadlines now pushed to October 2025 or later, as reported in this post.
What’s Going On?
This isn’t the first time the SEC has hit the brakes on crypto ETFs. Just a couple of weeks ago, the agency postponed decisions on Hedera (HBAR), Polkadot (DOT), and BTC-ETH ETFs, extending their deadlines to June. Back then, the delays were chalked up to the arrival of new SEC Chair Paul Atkins, who’s been in office for about two weeks now.
Now, as more ETF applications get the cold treatment, it’s becoming clear that the SEC isn’t rushing into anything. Crypto ETFs in particular have always been a sensible topic for the Commission, citing concerns over market manipulation, investor protection, and regulatory oversight.
One potential explanation is that the Commission is now waiting for a new regulatory framework from its Crypto Task Force, which has been actively working on crafting clearer guidelines for digital assets. Led by Commissioner Hester Peirce, affectionately known as “Crypto Mom,” the Crypto Task Force has been hosting roundtables and engaging with industry experts to address critical issues like custody, tokenization, and decentralized finance.
The task force is expected to deliver a new regulatory framework by August of this year. Perhaps, with the new guideline for digital assets regulation at hand, the SEC will move faster in crypto-related developments.
Looking for a great trading opportunity? The first 100 users on WEEX can get a 100 USDT bonus, and by trading just 5M USDT, you can unlock up to 30,000 USDT in futures bonuses. Don’t miss out on this limited-time offer. Sign up now and start trading to claim your rewards.
