SEC Delays Crypto ETF Decisions, Market Awaits XRP Approval by Year-End
September 10, 2025
The evolving regulatory environment underscores the need for clear crypto onramps and rules to foster innovation and growth in the sector.
The SEC's cautious approach aims to balance fostering innovation with protecting investors, especially given concerns over market manipulation and volatility.
While approval of crypto ETFs could bring clearer regulations and faster processes, delays also mean longer wait times and concerns over security and market manipulation.
Investors are advised to stay informed, diversify their portfolios, and adopt a long-term perspective amid ongoing regulatory uncertainties.
The SEC has delayed decisions on numerous crypto ETF applications, including those from BlackRock, Fidelity, and Franklin Templeton, which cover Ethereum staking, XRP, and Solana-based ETFs, with a final decision expected by November 14, 2025.
Despite the delays, market predictions suggest a 90% chance of SEC approval for the XRP ETF by the end of the year, fueling investor optimism.
Currently, the SEC is reviewing 92 crypto ETF applications from major issuers like VanEck, Grayscale, and others, which could reshape the regulatory landscape for digital assets.
A Dogecoin ETF launching on September 11 could provide regulated market access, avoiding the complexities of managing private keys, and potentially boost investor participation.
Successful ETF approvals are expected to attract renewed investor interest, deepen integration of cryptocurrencies into traditional finance, and possibly trigger a new altcoin rally.
Grayscale is leveraging its past success with Bitcoin Trust to seek approval for converting its Litecoin and Bitcoin Cash trusts into ETFs, which could reduce premiums and improve liquidity.
The upcoming launch of a Dogecoin ETF on September 11 under the 40 Act structure might catalyze momentum for other pending crypto ETF applications.
New SEC leadership under Chair Paul Atkins appears more open to engaging with crypto, raising hopes for ETF approvals for altcoins like XRP and Cardano by the end of 2025.
Summary based on 12 sources
Get a daily email with more Crypto stories
Sources

Cointelegraph • Sep 10, 2025
SEC delays BlackRock, Franklin Templeton crypto ETF decisions
Cointelegraph • Sep 9, 2025
SEC pushes back decisions on Bitwise, Grayscale crypto ETFs to November
Decrypt • Sep 11, 2025
SEC Punts on BlackRock Ethereum ETF Staking, Franklin XRP and Solana Fund Decisions