US SEC drops all delay notices on Solana, XRP, and other Crypto ETFs

The US SEC has updated its generic listing standards for spot crypto ETFs, effectively dropping delay notices for highly anticipated crypto exchange-traded funds backed by Solana, XRP and other tokens.

According to official sources, the federal agency has dropped delay notices connected to at least 16 applications for exchange-traded fund products based on Solana, XRP, Cardano, Litecoin, HBAR and other tokens, clearing the way for final decisions as a flood of releases is expected to hit the markets next month.

With October just around the corner, a cluster of asset managers with pending applications to the US SEC have amended their respective S-1 filings for their proposed crypto ETFs to fit the new regulatory framework for generic listings.

So far, financial firms like Bitwise, VanEck, Fidelity, Franklin, WisdomTree, CoinShares, Invesco Galaxy, 21Shares and Canary have pending applications awaiting approval from the SEC and are now tracking their respective deadlines.

On X, the crypto community braces itself for a massive wave of ETF approvals to hit the market, dubbing October 2025 as “ETF Month.” The SEC is expected to make a final decision on at least 16 crypto ETFs.

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The final decision, with the latest one taking place in late October, is predicted to cover ETFs backed by Solana (SOL), Ripple (XRP), Litecoin (LTC), Dogecoin (DOGE) and more.

Such a large-scale move from the US SEC in possibly green-lighting so many spot ETFs for altcoins like SOL, XRP and DOGE could shift the capital flow away from the staple cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). The move is poised to boost liquidity and prices for other altcoins in the market.

The US SEC’s fast-track for crypto ETFs

Earlier this month, as previously reported by crypto.news, the U.S. SEC has slashed the timeline for ETF approvals from 270 days to as little as 75 days. As a result, asset managers were scrambling to amend applications to meet the new requirements introduced through the updated standards for crypto ETF approvals.

Under the US SEC’s new fast-track rules, a crypto spot ETF must meet a number of requirements in order to qualify for a faster launch date.

First, the coin must already be trading on a heavily surveilled market or have futures contracts overseen by the CFTC for at least six months; or another ETF tied to that coin must already exist, with at least 40% of its assets held directly in the crypto.

The elimination of a lengthy approval process for crypto ETFs puts the products in line with traditional commodity-based funds under Rule 6c-11.

According to US SEC Head Paul Atkins, the move was meant to “maximize investor choice and foster innovation” while ensuring the U.S. remains the leading market for digital assets.

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