The U.S. Securities and Exchange Commission (SEC) has requested that issuers of spot ETFs for XRP, Litecoin (LTC), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) withdraw their filings. This move follows the approval of new generic listing standards, which eliminate the need for individual 19b-4 filings for each token.
According to Eleanor Terrett, the withdrawals could begin as soon as this week, signaling a shift in the SEC’s approval process that could speed up decisions for these ETFs. As a result, market participants are now bracing for quicker decisions, which may lead to unexpected volatility in the market.
SEC’s New Approval Process Speeds Up Decision-Making
The SEC’s decision to ask issuers to withdraw their 19b-4 filings for the aforementioned assets follows the approval of new generic listing standards. Under these updated standards, exchanges no longer need to submit separate filings for each token.
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
Instead, a simplified process allows ETF approvals to proceed with just an S‑1 filing, as long as the eligibility criteria are met. This adjustment removes a major administrative step, allowing the SEC to act without waiting for specific deadlines.
The new process is seen as a positive change, reducing the regulatory bottlenecks that had previously slowed down ETF approvals. As a result, the SEC now has the flexibility to approve these ETFs at any time, leaving the market with less certainty over when decisions will be made.
This shift is expected to have a direct impact on market sentiment, with traders anticipating potential price movements as these ETFs move closer to approval.
Market Implications of the SEC’s New Process
With the SEC’s new framework in place, market analysts are considering how the crypto assets involved might react. Some believe that prices could rally in anticipation of ETF approvals, followed by a potential retrace after the launch. Others suggest that a dip might occur first, flushing out leverage before a more sustained rally takes place.
Ted, a crypto trader, pointed out that the second scenario might be more likely. According to him, this would allow leverage to be cleared out before any long‑term price growth, ensuring a more stable market in the long run.
As the SEC’s actions continue to reshape the ETF landscape, market watchers are keeping a close eye on how these developments unfold. With the approval process now moving faster than before, crypto markets could face unexpected swings as the SEC accelerates its decision‑making timeline.