The U.S. Securities and Exchange Commission (SEC) has once again pushed back decisions on crypto ETFs. This time, the delay impacts CoinShares’ proposals for XRP and Litecoin-based funds.
The agency did not approve or reject the filings ahead of the May 26 deadline. Instead, it opened the floor for public comments and counterarguments.
XRP and Litecoin ETF Decisions Postponed to August
Both ETF filings—one for XRP, the other for Litecoin—were scheduled for a second-round deadline on May 26. Rather than finalize a decision, the SEC chose to extend its review period.
Investors and industry participants now have more time to weigh in. The next deadline for the Commission to respond is August 24.
SEC Cautious Amid Rising Crypto ETF Pressure
These delays reflect the SEC’s cautious approach to spot crypto ETFs. While pressure is mounting from the industry for approvals, the Commission continues to take its time.
CoinShares, a major digital asset manager, had filed to list its Litecoin ETF on Nasdaq, while pushing forward a similar product tied to XRP. Both remain in limbo for now.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
