The U.S. Securities and Exchange Commission (SEC) has directed prospective issuers of ETFs tied to XRP, Solana, and Cardano to withdraw their 19b-4 filings.
Eleanor Terrett, the host of Crypto in America, revealed this development in a tweet today. According to her, the SEC has instructed issuers of proposed Litecoin (LTC), XRP, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) Exchange-Traded Funds (ETFs) to withdraw their 19b-4 filings.
Motive Behind the SEC’s Latest Directive
Terrett said the directive follows the SEC’s recent approval of its generic listing standards. These standards, approved earlier this month, streamline the approval process for ETFs by removing the need for separate 19b-4 submissions for each cryptocurrency product.
Instead, prospective issuers can rely on the updated framework, which is designed to simplify compliance and accelerate launches. Terrett noted that issuers of ETFs tied to XRP, SOL, DOGE, ADA, and LTC could start withdrawing their applications as early as this week.
It is worth noting that the withdrawals do not indicate rejection. They represent a procedural adjustment that streamlines the approval process for ETFs.
🚨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
No More Delay
The SEC’s recently approved rule has been widely welcomed across the crypto industry as a positive step forward. Supporters believe it will spare crypto ETF issuers from the lengthy dual-review process involving both S-1 filings and 19b-4 exchange applications.
Under the updated framework, the SEC will now focus solely on reviewing S-1 filings, a shift that could significantly accelerate the overall approval timeline for crypto ETFs.
The development comes as the broader crypto community closely monitors the SEC’s handling of several pending altcoin ETF applications. Notably, the final decision deadlines for most of these funds—covering XRP, SOL, and ADA, among others—are set for next month.
In the meantime, optimism is growing within the crypto community, with investors speculating that the regulator will approve the launch of these ETFs in October. With just hours remaining before October, it is still unclear whether this projection will come to fruition.
Evans Kelvin
