SEC Calls for Prompt Retraction of ETF Applications for LTC, XRP, SOL, ADA, DOGE – Reasons Explained.

The U.S. Securities and Exchange Commission (SEC) has directed issuers of proposed spot exchange-traded funds (ETFs) for Litecoin, XRP, Solana, Cardano, and Dogecoin to retract their pending Form 19b-4 submissions.

This action follows the agency’s approval on September 18 of generic listing standards, which simplify the process for introducing new cryptocurrency ETFs to the market.

SCOOP: The @SECGov has requested that issuers of $LTC, $XRP, $SOL, $ADA, and $DOGE ETFs withdraw their 19b-4 filings after the approval of the generic listing standards, which eliminate the necessity for those filings. I have been informed that withdrawals could commence as early as this week.

— Eleanor Terrett (@EleanorTerrett) September 29, 2025

This directive does not signify a setback for issuers. Rather, it indicates a procedural transition that removes the requirement for individual exchange rule modifications for each token.

Crypto ETF Market Grows Beyond Bitcoin and Ethereum Under New Regulations

With the new framework, exchanges such as Nasdaq, Cboe BZX, and NYSE Arca can list crypto ETFs under generic rules, as long as the products fulfill specified criteria.

The SEC’s new generic ETF listing regulation shortens approval timelines and shifts the onus onto issuers to quickly meet operational requirements. #sec #etf https://t.co/F6kKt6gFMS

— Cryptonews.com (@cryptonews) September 25, 2025

Issuers can now proceed directly with S-1 registration statements, which is the final step before an ETF can be launched.

Withdrawals of the now-unneeded 19b-4 filings are anticipated to begin this week, with several deadlines in October approaching for existing applications.

At least 16 proposals involving tokens beyond Bitcoin and Ethereum are still under SEC review. This transition is part of what regulators refer to as a developing framework for cryptocurrency financial products.

The agency’s endorsement of generic standards aims to create a stable foundation for digital asset ETFs while incorporating exemptions that promote on-chain capital market growth.

SEC Chair Paul Atkins stated that the new framework lowers barriers while ensuring investor protection, emphasizing that the rules foster innovation without sacrificing oversight.

For issuers such as Grayscale, 21Shares, and VanEck, this change is significant. Previously, each product required two distinct approvals: one from the exchange via a 19b-4 filing and another from the asset manager through an S-1.

This dual process often extended over nine months. With the introduction of generic standards, timelines can be reduced to as little as 75 days.

The SEC has already implemented the new framework in practice. On September 18, the regulator approved Grayscale’s Digital Large Cap Fund (GDLC), the first multi-crypto exchange-traded product to be listed under the streamlined system.

The @SECGov has authorized @Grayscale’s Digital Large Cap Fund (GDLC), marking the first multi-crypto ETP to enter the market. #SEC #Grayscale https://t.co/bKCqaHSrdA

— Cryptonews.com (@cryptonews) September 18, 2025

GDLC provides exposure to Bitcoin, Ether, XRP, Solana, and Cardano, currently managing over $915 million in assets. Its approval signified a pivotal moment for multi-asset crypto products in the U.S. market.

This change occurs amid a surge of new filings. On September 17, issuers filed at least five new ETF proposals, including a Bitwise spot Avalanche ETF and Tuttle’s “Income Blast” funds covering Bonk, Litecoin, and Sui.

ETF Institute co-founder Nate Geraci noted that these applications illustrate the rapid expansion of the market beyond conventional Bitcoin and Ethereum products.

SEC Faces Numerous Crypto ETF Deadlines as Solana, XRP Filings Approach Critical Dates

Currently, over 92 crypto ETF applications are pending with the SEC.

Deadlines for several of these filings are set for October and November. Franklin Templeton’s Solana and XRP ETF applications are due for a decision on November 14 after the SEC utilized its maximum 60-day extension authority earlier this month.

SEC delays Franklin Solana ETF ruling by 60 days to November 14 as 92 crypto ETF applications await evaluation despite 99% approval odds. #Solana #ETF https://t.co/GIIlmQmsgt

— Cryptonews.com (@cryptonews) September 11, 2025

BlackRock’s amendment to incorporate staking into its iShares Ethereum Trust is now due on October 30. Grayscale’s Hedera Trust decision is scheduled for November 12, while proposals related to Dogecoin, Litecoin, and other altcoins are spread across the same timeframe.

Bloomberg analysts estimate a greater than 95% likelihood of approval for Solana and XRP ETFs before the end of the year, despite repeated extensions. Prediction markets indicate similar optimism, with Polymarket odds for a Solana ETF approval currently at 99%.

Analysts contend that the new standards make the timeline less reliant on formal deadlines, as the SEC can approve S-1 filings at any moment if products satisfy eligibility criteria.

The SEC is also collaborating with the Commodity Futures Trading Commission (CFTC) on broader digital asset regulation.

A joint roundtable is scheduled to align strategies across agencies as part of Chair Atkins’ “Project Crypto” initiative, launched in July to modernize securities regulations for the digital age.

For investors and issuers, the withdrawal of 19b-4 filings illustrates how the regulatory landscape is transitioning from individual case hurdles to standardized processes.

While numerous products still await review, the procedural streamlining indicates quicker routes to market for a diverse array of cryptocurrency ETFs.

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