WASHINGTON, D.C. – May 23, 2025 – The US Securities and Exchange Commission (SEC) has just deferred its decision on some cryptocurrency-related investment schemes (ETFs). These include Bitwise and CoinShares’ XRP ETF, Canary Capital’s XRP Trust and CoinShares’ Litecoin ETF. This decision shows that the SEC is still being cautious in approving new crypto schemes.
Bloomberg expert James Seyffart said that it is common to defer such decisions so that the SEC can have more time to examine all the documents and get public opinion.
Key dates for these plans are coming up in the next few days:
- Bitwise’s XRP ETF: May 25
- WisdomTree’s XRP ETF: May 27
- Canary’s XRP Trust and CoinShares’ Litecoin ETF: May 26
The SEC has asked for public comments on a few plans. You can send your opinion by May 26 and comments are due by June 9.
The purpose of these ETFs is to allow people to invest in cryptocurrencies like XRP and Litecoin without buying them directly. Bitwise and CoinShares’ ETFs will follow the price of XRP and CoinShares’ Litecoin ETF will follow the price of Litecoin.
Experts believe that these plans may pass in the future. In particular, the Litecoin ETF is 90% likely to be approved by the end of 2025, as it is considered a “commodity” like Bitcoin and Ethereum. There is also good hope for XRP, as Ripple had won somewhat against the SEC in court.
Another big news is that Canary Capital has also filed for a “Staked Tron ETF”. This shows that now companies also want to include staking (i.e. earning rewards by locking tokens) in ETFs.
More than $5 billion has been invested in Bitcoin ETFs in 2025, and Ethereum ETFs have also received a good response. In such a situation, expectations have also increased regarding XRP and Litecoin ETFs.
However, the SEC is still cautious, because the crypto market is very volatile and there is also a possibility of fraud. Therefore, the SEC wants to check everything thoroughly.
A CoinShares spokesperson said, “If these ETFs pass, it will help a lot in the adoption of XRP and Litecoin. We are working closely with the SEC to fulfill all their conditions.” All eyes are now on the upcoming decisions and timelines. If approved, it could open a new avenue for crypto investing in the US.
For more information on crypto ETFs, check out the SEC website
