The SEC is delaying final decisions on CoinShares’ proposed XRP and Litecoin ETFs, pushing reviews ahead of the May 26 deadline. The delay has caused crypto ETF experts and analysts to push back their expected approval dates for both products to Q4 2025. Initially, many were hopeful that the first XRP and LTC ETFs would come in June.
Despite the delay, the SEC has officially acknowledged a new TRX staking ETF, keeping crypto fans happy who are hoping for a new ETF to arrive this year. Canary Capital’s ETF would be the first exchange-traded fund offering exposure to TRX with staking features. While it is not immediate approval, it is significant because it signals the SEC is willing to assess new types of digital asset ETFs, including those that incorporate staking for yield.
“As expected, more delays on crypto ETFs dropped today,” Bloomberg ETF analyst James Seyffart posted on X. “Delays include BitwiseInvest & CoinSharesCo XRP ETFs. Delay on Litecoin ETF Filing. Delay on Fidelity’s In-kind Bitcoin filing. On the more positive side: SEC acknowledged @CanaryFunds’s staked TRX filing.”
Over the last year, Bitcoin has been one of the biggest surprises in the finance sector. The leading crypto surged to a six-figure value in November, reaching all-time highs of $109,000. However, it is often overlooked how important the presence of BlackRock’s Bitcoin ETF was, as many had labeled it the greatest launch of its kind ever. Now, all eyes are on what asset could follow Bitcoin and Ethereum this year. Specifically, many are looking to tokens like Ripple XRP and Litecoin LTC.
In addition to these XRP and Litecoin ETF delays, the SEC also announced similar delays for five different Solana ETF applications. The launches of XRP, LTC, and SOL ETFs would likely send prices of these cryptocurrencies surging. Analysts project XRP to surge to over $2.50 upon ETF approval.
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