Is The SEC Trying To Delay Altcoin ETFs With New Listing Standards?
- The SEC requested issuers withdraw Form 19b-4 filings for XRP, Solana, Cardano, Litecoin, and Dogecoin ETFs.
- This shift could fast-track approvals under new ETF listing standards but risks removing binding deadlines.
- While bullish for altcoins, experts warn the SEC’s move may signal another stalling tactic on ETF approvals.
Earlier today, the SEC asked prospective issuers of altcoin ETFs to withdraw their Form 19b-4 applications. XRP, Solana, Litecoin, Cardano, and Dogecoin products may gain expedited approval very soon.
However, several of these ETFs had imminent SEC deadlines; an LTC product was set to require a final decision this week. If issuers withdraw these old proposals, the process may lose this sense of urgency.
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Altcoin ETF Listing Standards
When the SEC approved new listing standards for ETFs earlier this month, it seemed like a bullish development for new altcoin products.
As investors retreat from BTC and ETH products, altcoins may have an opportunity to take over. A new posture from the SEC has further encouraged high hopes:
🚨SCOOP: The @SECGov has asked issuers of $LTC, $XRP, $SOL, $ADA, and $DOGE ETFs to withdraw their 19b-4 filings following the approval of the generic listing standards, which replace the need for those filings. Am told withdrawals could start happening as soon as this week.
— Eleanor Terrett (@EleanorTerrett) September 29, 2025
According to credible rumors, the SEC asked prospective issuers of several altcoin ETFs to formally withdraw their Form 19b-4 filings.
This directive specifically concerns five key assets: XRP, Solana, Cardano, Litecoin, and Dogecoin. Both XRP and Dogecoin recently saw big breakthroughs, but we haven’t reached a 100% spot product quite yet.
On the surface, the SEC’s request looks incredibly bullish for altcoin ETFs. If the Commission formally makes the old process obsolete, this could hasten new approvals across the board.
A new wave of altcoin products could substantially boost crypto markets.
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A New Delaying Tactic?
Still, there’s one possible downside: many of the Form 19b-4 altcoin ETF applications were due to reach a final verdict soon. Before this announcement, the SEC was scheduled to make a firm commitment on one relevant product later this week:
*Enormous* next few weeks for spot crypto ETFs…
SEC final deadlines approaching on numerous filings.
Starts this week w/ deadline on Canary spot ltc ETF.
Will be followed by decisions on sol, doge, xrp, ada, & hbar ETFs (though SEC can approve any or all of these whenever).
— Nate Geraci (@NateGeraci) September 28, 2025
Since the SEC issued this new directive, however, ETF experts are unsure how fast the new altcoin approval process might be.
If these potential issuers withdraw their submissions, the Commission will trade an imminent and binding deadline for an ambiguous one.
In other words, as much as this is bullish, it may also constitute a new stalling tactic. Two months ago, the SEC approved an altcoin ETF before issuing an extraordinary delay one day later.
This product also faced a final deadline, but this unorthodox practice managed to defuse all urgency.
So far, it’s unclear if the issuers will actually withdraw their extant Form 19b-4 applications. Some or all of these deadlines may yet remain binding.
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