- An analyst has compiled a list of all issuers of crypto-related Exchange Traded Funds (ETFs) who currently have pending applications with the SEC, in addition to the deadlines by which decisions could be made.
- The XRP ETFs filed by three main issuers have been said to have a final decision deadline of October 25.
Bloomberg ETF analysts Eric Balchunas and James Seyffart recently disclosed that Litecoin ETFs filed by Grayscale and Canary have 90% approval odds in 2025. In that report, they also pointed out that the related products for Solana and Dogecoin have approval odds of 70% and 75%, respectively.
The US Securities and Exchange Commission (SEC), meanwhile, has 240 days to approve or reject these applications from the date of acknowledgement. With the potential launch gaining momentum, prediction platform Polymarket has also indicated that there is a 79% chance that the SEC would approve XRP ETF this year. However, the approval odds for July 31 have been reduced to 41%.
To perfectly simplify key timelines and put all rumours to bed, Balchunas has comprehensively compiled a list of available ETF applications with their respective filing dates and decision deadlines. According to him, 72 crypto ETFs “are currently sitting with the SEC” pending approval.
The ETFs and their Final Deadlines
Firstly, Balchunas indicated that the SOL ETFs filed by VanEck, Canary, 21Shares and Bitwise have their final decision deadlines set on October 16, 2025. Meanwhile, the XRP ETFs filed by Grayscale, 21Shares, Bitwise, and Canary could receive their final decisions by October 18, October 19, October 20, and October 24 respectively. The ones filed by WisdomTree, Coinshares, and Franklin Templeton could also have their decisions made on or before October 25.
Based on an accompanying table, the Cardano ETF filed by Grayscale was supposed to have a decision made on April 11, 2025. However, it has been postponed, with the third deadline currently fixed at August 24, 2025.
It is important to note that decisions on several of these filings, including Grayscale’s application for Dogecoin (DOGE), XRP, Litecoin (LTC), and Cardano (ADA) ETFs, were all postponed on March 11, as outlined in our recent blog post.
Against the backdrop of this, Oregon’s attorney general, Dan Rayfield, has flagged 31 crypto assets as securities in a recent lawsuit filed against Coinbase. As detailed in our recent blog post, the likes of XRP, SOL, ADA, etc, were all labelled as securities. This has rekindled speculations that the ETF launch involving these assets could be delayed to the end.
As previously mentioned in our report, Seyffart believes that there would never be an XRP ETF until the “whole mess of litigation” between Ripple and the SEC is resolved. While this is not an issue anymore, the latest lawsuit by the State of Oregon could also disrupt the process. For Litecoin, Seyffart believes that it could have a faster approval rate since it has not been mentioned in any lawsuit as a security.
XRP is still under legal scrutiny, whereas Litecoin has already been classified as a commodity by the CFTC.
