The SEC has delayed its decision on Grayscale’s spot Solana ETF until October 2025, following a similar postponement for Canary Capital’s Litecoin ETF. Despite these setbacks, investor confidence remains high, with over 80% anticipating approvals next year. The crypto industry is now focusing on upcoming deadlines for Polkadot and XRP-based ETFs in June, as regulatory uncertainty continues to shape market expectations.
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James Seyffart
4 posts last weekJames Seyffart is a research analyst within Bloomberg Intelligence.
SEC Delays Crypto ETF Decisions to Late 2025
The SEC has deferred decisions on several crypto ETF applications, including Grayscale’s proposed spot ETFs for Solana (SOL) and Litecoin (LTC), as well as BlackRock’s in-kind redemption request for its Bitcoin ETF. The agency’s review timeline now extends to late 2025, with no approvals expected before Q4. A 21Shares Dogecoin (DOGE) ETF filing has also entered the official review process. Analysts describe the delays as routine, with final deadlines for most products set for October or later. The SEC’s staggered review process follows statutory intervals, with no imminent approvals anticipated until Chair Paul Atkins finalizes internal strategy sessions.
read moreSpot Bitcoin ETFs Surpass $40B in Inflows, Signaling Strong Demand
Spot Bitcoin ETFs have hit a record $40.33 billion in lifetime inflows, with significant contributions from May 8, 2025, alone. Since their launch in early 2024, these ETFs have seen steady growth, starting at $12 billion and rapidly climbing to $40 billion by May 2025. Institutional investors, including asset managers and hedge funds, are increasingly adopting these ETFs for safer Bitcoin exposure, while regulators keep a close watch. Social media reactions celebrate Bitcoin’s dominance, though some caution about potential price slowdowns affecting future flows. Analysts view ETF inflows as a key sentiment indicator for broader crypto market confidence.
read moreBlackRock Updates ETH & Bitcoin ETFs, Eyes Staking
BlackRock has amended filings for its iShares Ethereum Trust (ETHA) and iShares Bitcoin Trust (IBIT), proposing in-kind creation for ETHA, which could streamline transactions for institutional investors. The firm also flagged quantum computing as a potential risk to Bitcoin’s security. Additionally, BlackRock is pushing for staking in Ethereum ETFs and has launched DLT Shares to bridge blockchain and traditional finance. The Bitcoin ETF (IBIT) has seen significant inflows, with $4.7 billion in 16 days, signaling growing institutional interest. CEO Larry Fink even suggested Bitcoin could become a reserve currency amid concerns over the US national debt.
read moreLitecoin ETF Approval Nears as SEC Decision Looms
Canary Capital’s proposal for a Litecoin ETF is nearing a critical SEC decision, with analysts estimating a 90% chance of approval. The filing, submitted via Nasdaq’s 19b-4 process, has gained traction amid delays for competing ETFs like Franklin Templeton’s XRP and Bitwise’s Dogecoin proposals. Litecoin’s regulatory history and technical stability make it a strong candidate, with market analysts predicting institutional inflows of up to $580 million if approved. Grayscale has also filed for a Litecoin ETF, while Canary Capital expands its digital asset ETF portfolio with filings for Tron, Sui, and others. Bullish price targets suggest Litecoin could surge to $1,458 post-approval, with current trading at $87.94.
read moreLitecoin Surges on SEC ETF Approval Speculation
Litecoin’s native token, LTC, surged over 4% to $89, its highest level since March, driven by optimism around a potential SEC approval of a spot Litecoin ETF from Canary Capital. Market analysts attribute the rally to comments from Bloomberg ETF analyst James Seyffart, who suggested Litecoin has a better chance of early approval compared to other altcoin-based ETFs. The SEC has delayed decisions on ETFs for Solana, XRP, Dogecoin, and Ethereum but has yet to act on Canary’s Litecoin application, with a final deadline set for May 5. Approval would allow investors to gain exposure to Litecoin without directly holding the token.
read moreBitcoin’s Bullish Surge: 4 Key Signs Pointing to $100K
Bitcoin (BTC) surged from $75K in late March to close April above $95K, sparking comparisons to its post-COVID rally. Analysts highlight four bullish factors: 1) Wall Street Bitcoin ETFs saw record inflows, with nearly $4 billion over eight consecutive days. 2) Corporations like Semler Scientific and MicroStrategy continue accumulating BTC, tightening supply. 3) Arizona is advancing legislation to create a state Bitcoin reserve, signaling growing institutional adoption. 4) Bitcoin whales bought $4 billion in BTC in April, reinforcing strong market support. With institutional and retail demand converging, $100K BTC appears increasingly plausible.
read moreSui Price Rises After 21Shares Files for SUI ETF
Sui (SUI), a blockchain competitor to Solana, experienced a 5% price jump following news that 21Shares filed for a spot SUI ETF in the U.S. The token rose from $3.56 to $3.75 before retracing slightly. 21Shares President Duncan Moir cited strong consumer demand and belief in Sui’s potential as reasons for the filing. The SEC, which approved Bitcoin and Ethereum ETFs earlier this year, is now evaluating over 70 crypto ETF applications. Another firm, Canary Capital, has also filed for a SUI ETF, signaling growing institutional interest in the project.
read moreLitecoin, Solana, XRP Lead Altcoin ETF Approval Race
Litecoin (LTC) is currently the top contender for ETF approval with a 90% likelihood, bolstered by its SEC classification as a commodity and filings from firms like Grayscale. Solana (SOL) follows with 70% approval odds despite regulatory scrutiny, while XRP faces a more complex path at 65% due to unresolved SEC filings. Analysts predict these ETFs could unlock traditional investor participation and market liquidity, with final SEC decisions expected by October 2025. Price trends show mixed short-term performance, but institutional interest remains strong, particularly with Ripple’s recent SEC settlement and CME Group’s upcoming XRP futures launch.
read moreSEC Delays XRP & Dogecoin ETFs to 2025, Altcoin Season Begins?
The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on spot XRP and Dogecoin ETFs to June 2025, citing the need for additional review time. This move, while expected, has impacted XRP and DOGE prices, both dropping over 5%. Bloomberg analyst James Seyffart noted that such delays are typical, with most ETF final deadlines set for October or later. Despite the setbacks, some analysts, like Jamie Coutts of Real Vision, believe the altcoin season may already be underway. Coutts pointed to indicators suggesting early signs of a market shift, referencing an alt season index that recently hit levels last seen before a major 2020 rally. With multiple altcoin ETFs still pending approval, the crypto market remains in a state of cautious optimism.
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