The U.S. Securities and Alternate Fee (SEC) has requested that issuers of exchange-traded funds associated to XRP, Litecoin (LTC), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) withdraw pending 19b-4 filings.
Journalist Eleanor Terrett reported the change, stating that the current approval of generic itemizing requirements by the regulator eliminates the necessity for particular person filings, thereby clearing the trail to approval.
🚨SCOOP: The @SECGov has requested issuers of $LTC, $XRP, $SOL, $ADA, and $DOGE ETFs to withdraw their 19b-4 filings following the approval of the generic itemizing requirements, which change the necessity for these filings. Am informed withdrawals may begin taking place as quickly as this week.
— Eleanor Terrett (@EleanorTerrett) September 29, 2025
These requirements are a alternative for the previous case-by-case assessment below Part 19(b) of the Securities Alternate Act. As a substitute of ready up to 240 days for a call, issuers can now depend on predetermined necessities. Exchanges that meet these standards can proceed straight to the itemizing course of, considerably lowering the general course of. Terrett confused that this improvement is an indication that the brand new framework is working as it’s supposed to.
Quicker approvals and simplified procedures
Below the brand new guidelines, commodity-based ETFs, together with these which can be linked to cryptocurrencies, might be listed supplied they meet eligibility standards corresponding to having futures contracts below the jurisdiction of the Commodity Futures Buying and selling Fee (CFTC). With this mannequin, the SEC successfully minimizes delays related to submitting opinions and with withdrawal notices.
The ultimate SEC deadlines for some crypto ETF selections below the 19b-4 course of begin this month, together with for XRP, SOL, and Dogecoin. Crypto issuers corresponding to Constancy and Franklin Templeton at the moment are modifying their purposes accordingly. Moreover, the Issuers are anticipated to begin taking their older submissions again inside days.
In accordance to market analysts, the generic itemizing framework will spur a wave of recent spot cryptocurrency ETFs. In contrast to earlier filings, which required scrutiny by a person, the brand new course of brings effectivity whereas guaranteeing compliance safety.
Political dangers cloud the timeline
Even with the streamlined system, there may be uncertainty. Bloomberg analyst James Seyffart cited the upcoming authorities shutdown within the US as a doable roadblock. This rule’s efficient date falls inside the window of time throughout which the SEC might start accepting purposes for the rule’s waivers, elevating questions on staffing and decision-making capability.
Seyffart’s colleague Eric Balchunas added that it’s not clear but when these ETFs will launch. With prospectuses being filed months forward of time, the timing of approval now hinges on the Division of Company Finance of the SEC, not statutory deadlines.
So as to add to additional uncertainty within the close to time period, Polymarket’s prediction market indicators a 69% probability of a shutdown by October 1. The funds negotiations have already held up the dialogue of the CLARITY Act, one other crypto-related invoice.
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