SEC postpones decision on Trump Media BTC, ETH ETF and XRP, DOGE funds! A wave of approvals may be concentrated in October.

The U.S. Securities and Exchange Commission (SEC) has once again postponed the approval of multiple cryptocurrency ETFs this week, including the Truth Social Bitcoin & Ethereum ETF proposed by Donald Trump's media and technology company, as well as applications for Spot Ripple (XRP), DOGE, Litecoin (LTC), and other funds submitted by several asset management companies. Although the delay has caused market anxiety, analysts believe that a wave of concentrated approvals may come in October.

Trump Media BTC, ETH ETF approval delayed until October

The SEC stated in a document submitted on Monday that the assessment deadline for the Truth Social Bitcoin & Ethereum ETF has been postponed by 45 days to October 8, 2025. The fund aims to track the spot price performance of Bitcoin (BTC) and Ethereum (ETH) and reflect a more relaxed encryption regulatory environment under the Trump administration.

XRP, DOGE, LTC and other funds also delayed

In addition to the Trump Media ETF, the SEC has also delayed decisions on the following applications:

1. Grayscale, CoinShares, Canary Capital, Bitwise, and 21Shares' Spot XRP funds

2. Grayscale's Spot DOGE ETF

3. CoinShares' Spot Litecoin (LTC) product

4. Request to add staking functionality for 21Shares Core Ethereum ETF

Just four days ago, the SEC also postponed the approval of the Solana (SOL) ETF from Bitwise, 21Shares, and VanEck, as well as the DOGE fund from 21Shares.

Behind the Latency: ETF Listing Rules May Be Simplified

This wave of latency occurred after the two major exchanges in the United States, Cboe BZX and NYSE Arca, submitted amendments. If the amendment is approved, it will allow certain Crypto Assets ETFs to be listed directly without the need to submit 19b-4 rule change applications on a case-by-case basis, significantly shortening the approval time from a maximum of 240 days.

Bloomberg senior ETF analyst Eric Balchunas stated that the SEC's latency is a procedural action, and it is expected that after the approval of the exchange's listing standard revisions in October, a batch of ETFs will be approved.

Why October Might Become a Key Turning Point

Balchunas pointed out that the current latency does not mean a rejection, but rather waiting for the public comment period on the listing standards to end. Once the rules are approved, ETF applications based on the new standards will be able to pass the review quickly.

"This kind of latency can be frustrating, but with just a little more patience, everything will happen soon." he added.

Conclusion

The SEC's delays regarding Trump's media BTC, ETH ETF, as well as multiple funds such as XRP, DOGE, and LTC, reflect the regulatory body's cautious attitude amidst the wave of crypto ETFs. However, as the rules for ETF listings may be simplified, October could become a key moment for the concentrated approval of crypto asset funds. For investors, this might be a signal to position themselves in advance. For more ETF and crypto market updates, please follow the official Gate platform.