When Can XRP, Solana, Dogecoin, and Litecoin Spot ETFs Be Approved? Inside Source Provided Information

The approval of crypto exchange-traded funds ETF by the U.S. Securities and Exchange Commission SEC is expected to be postponed until a new chairman is officially sworn in.

The institution has accepted a few pending applications, but analysts believe that no approval will be given until the SEC leadership is finalized.

Bloomberg Intelligence's ETF analyst James Seyffart voiced his doubts about early approvals. Seyffart said, 'If they approve any of these files before Paul Atkins is approved on the final deadlines, I would be very, very surprised,' and added, 'We assume that everything that can be postponed will be postponed until Atkins officially comes to the SEC.'

A source close to the matter reiterated the idea, stating that although the current administration is eager to overturn precedent decisions, early approval is unlikely. The source added, 'I would be surprised if approval comes, but you never know.'

The delay in decisions came in the midst of leadership change at the SEC. Former Chairman Gary Gensler resigned in January before President Donald Trump took office, and since then Trump has nominated former SEC Commissioner and current CEO of Patomak Global Partners Paul Atkins to lead the agency. However, no confirmation hearing has been scheduled for Atkins yet.

Yesterday, the SEC postponed decisions on several altcoin ETFs, including XRP, Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC)-related ones, according to Seyffart. While this move was unexpected, it did not come as a shock to industry observers.

However, Seyffart and colleagues predict a 65% or higher likelihood of altcoin ETF approvals by the end of 2025. Decisions on some applications to be made in May and June may have a better chance depending on the confirmation of the new SEC chairman.