The U.S. Securities and Exchange Commission (SEC) has moved closer to approving exchange-traded funds tied to XRP, Dogecoin (DOGE), and Litecoin (LTC). The agency recently began reviewing new filings under its updated Generic Listing Standards, which were introduced in September 2025.
These changes have replaced the old two-step approval process with a single 75‑day review window, significantly cutting the time it takes for qualified exchanges to list digital‑asset ETFs.
The revision aims to create a faster and more transparent process while maintaining strict disclosure and custody standards. This shift signals growing regulatory maturity in how digital‑asset products are evaluated and approved for public markets.
Canary Capital Advances ETF Filings Amid Shutdown Delays
Canary Capital is among the firms taking advantage of the SEC’s new streamlined structure. The company has submitted amended registration statements for two upcoming funds — the Litecoin ETF (LTCC) and the HBAR ETF (HBR) — each carrying a 0.95% sponsor fee. According to the filings, the updates mark a final stage of preparation before possible approval.
Bloomberg Senior ETF Analyst Eric Balchunas noted that assigning ticker symbols and defining fees usually indicate that a product is nearing launch. He added that while the 0.95% rate is higher than Bitcoin ETF fees, it remains typical for new or niche crypto funds.
Analyst James Seyffart agreed, saying both the Litecoin and HBAR ETFs appear close to receiving the green light from the SEC.
However, the approval timeline has been disrupted by the ongoing U.S. government shutdown. According to journalist Eleanor Terrett, the SEC is currently operating with limited staff, forcing a pause on most non‑essential reviews, including ETF approvals. This means pending filings could face delays until the government resumes full operations.
Regulatory Momentum Builds Despite Delays
Spot crypto ETFs tied to LTC, SOL, or XRP are structured as commodity trusts under the Securities Act of 1933. Each must receive direct SEC clearance before trading can begin. Although the current pause has stalled progress, the overall direction remains clear — regulatory acceptance of digital‑asset ETFs continues to strengthen.
Once operations normalize, XRP, DOGE, and LTC ETFs are expected to move quickly toward approval. Market participants anticipate these launches could reshape investor access to crypto assets within regulated markets.
Whale Movements Add to Market Anticipation
According to Whale Alert, large XRP transactions have recently been detected on the blockchain. About 4,000,000 XRP, valued at approximately $11,485,079, was locked in escrow at an unknown wallet.
Soon after, another transaction of 35,000,000 XRP, worth roughly $100,600,013, was recorded between unidentified wallets. These movements have intensified market speculation as investors await the SEC’s final decision on the highly anticipated XRP, DOGE, and LTC ETFs.