The U.S. Securities and Exchange Commission (SEC) has extended its review period for several proposed cryptocurrency exchange-traded funds (ETFs), pushing final decisions to October 2025. Affected applications include ETFs based on Cardano, Litecoin, XRP, and Dogecoin.
The SEC cited the need for additional time to assess the filings and review public feedback. This extension follows the agency’s standard procedure, which allows up to 240 days of total review time before issuing a final approval or denial.
This round of delays follows similar moves from last week, when the SEC pushed back decisions on several Solana ETF filings to October 16. Those applications include proposals from Bitwise, 21Shares, and Canary Funds.
Similar Delays Seen in Bitcoin and Ethereum ETFs
This type of delay is not unprecedented. Bitcoin and Ethereum ETF applications also faced multiple postponements before eventually receiving regulatory approval. Analysts note that delays do not indicate rejection, but are a common step in the ETF review process.
Read also: Which Coins Are Next In Line For ETF Approval?
Prediction Markets Remain Optimistic
Despite the extended timeline, expectations for approval remain high in prediction markets. According to Polymarket, the Cardano ETF currently has an 82% estimated chance of being approved this year. Litecoin and XRP ETFs show 79% and 78% approval odds, respectively. Dogecoin, despite being a memecoin, has a 73% chance – up significantly from earlier this year.
