Why Haven’t the Expected XRP, SOL, and DOGE Spot ETFs Been Approved Yet? Here’s the Expectation and Reason
The government shutdown in the US, which began on October 1, disrupted the routine approval processes of the Securities and Exchange Commission (SEC).
The SEC has suspended routine approvals for crypto ETFs and IPOs, except in emergency situations, according to Crypto in America. This appears to have also frozen the approval process for Litecoin (LTC), Solana (SOL), XRP, and other spot ETF applications.
During government shutdowns, the SEC can respond to fraud and market emergencies. However, review of IPO, ETF, and similar applications, advancement of new regulatory work, and duties of personnel deemed “non-essential” are slowed or halted. Therefore, the SEC Division of Corporate Finance's formal approval for new product launches cannot be granted until after the shutdown ends.
Bloomberg Senior ETF Analyst Eric Balchunas likened the situation to a “rain break,” arguing that the process was a temporary pause. The SEC indirectly confirmed the impact of the shutdown by stating that they were unable to respond to press releases.
Shortly before the shutdown, the SEC had ordered some crypto ETF issuers to withdraw their 19b-4 filings with exchanges. Instead, the general listing standards eliminate the requirement for individual filings. This could pave the way for a cascade of crypto ETF launches following the government's re-funding.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Shiba Inu’s AI-Powered Bet: Evolving from Meme Status to a Leading Blockchain Solution
- Shiba Inu (SHIB) partners with TokenPlay AI to launch a Shiba-themed miniapp, pivoting to AI-driven utility and gaming to boost on-chain activity and holder engagement. - The initiative drives SHIB’s 4% price rise to $0.0000087, supported by infrastructure upgrades like Shibarium and Coinbase Derivatives’ upcoming SHIB futures listing on December 5. - Global crypto regulations tighten, with the UK’s CARF framework requiring transaction reporting from 2026, potentially impacting SHIB’s user behavior and i
Zcash News Today: Zcash’s Privacy ETF Explores U.S. Regulatory Landscape
- Grayscale seeks SEC approval for Zcash ETF (ZCSH), potentially making ZEC the first privacy-focused crypto on a U.S. regulated exchange. - Zcash surged 1,000% in 2025 amid institutional interest, but faces regulatory scrutiny over its shielded transaction technology. - The ETF would mirror Grayscale's Bitcoin/Ethereum models, with a 2.5% fee and in-kind mechanics, though liquidity risks and price volatility persist. - Approval could normalize institutional exposure to privacy coins but hinges on Zcash ma
Hyperliquid News Today: Hyperliquid Token Release: Contributor Incentives and Holder Concerns
- Hyperliquid unlocked 1.75M HYPE tokens ($60.4M) for developers on Nov 29, 2025, triggering market fears of selling pressure amid a 4.6% price drop. - Tokenomics allocates 23.8% of 1B HYPE to insiders via 12-month cliff + 36-month linear vesting, contrasting with a prior $9.5B airdrop but lacking external investor unlocks. - Analysts like Arthur Hayes note market already priced in risks, while technical indicators (RSI 34, negative CMF) suggest continued downward momentum below $35.50 support. - Community
PENGU Token Experiences Significant Rise Backed by Robust Technical Signals and Increasing Attention from Institutional Investors
- Pudgy Penguins (PENGU) token surged to $0.011140 in late 2025, driven by bullish technical patterns and growing institutional inflows. - Repeated wedge formations and key support/resistance levels ($0.01050–$0.0235) highlight its volatile trajectory amid mixed RSI and strong OBV/MACD signals. - On-chain data shows $157,000 in institutional accumulation but $66.6M in team wallet outflows, while pending Cboe ETF approval could reshape liquidity. - Macroeconomic risks like Fed policy and geopolitical tensio
Trending news
MoreCrypto prices
More
