- The SEC set October 18, 2025 as the new deadline for XRP and Dogecoin ETF proposals on NYSE Arca.
- The Litecoin trust decision window was extended to October 10, 2025 under the same review process.
The U.S. Securities and Exchange Commission has designated longer review periods for proposed exchange traded products tied to XRP, Dogecoin and Litecoin.
Commission sets October deadlines after 180-day window expires
In notices dated August 18, the Commission set October 18, 2025 as the date by which it will approve or disapprove the NYSE Arca proposals to list shares of the Grayscale XRP Trust and the Grayscale Dogecoin Trust.
A separate notice dated July 29 set October 10, 2025 as the decision date for the Grayscale Litecoin Trust on the same exchange. The actions extend the initial 180-day statutory period and keep the applications active without signaling an outcome.
The extensions were made under Section 19(b)(2) of the Securities Exchange Act, which allows the Commission to add up to 60 days to the decision timeline after instituting proceedings.
The XRP and Dogecoin filings entered proceedings in May and reached their 180-day marks in mid-August, prompting the Commission to designate additional time to consider comments and issues raised by the exchange rule changes.
Each proposal would list commodity-based trust shares under NYSE Arca Rule 8.201-E. The trusts would hold the underlying digital assets and issue shares reflecting fractional interest in those holdings.
The Commission’s notices reference the sequence of filings, amendments and prior designations, which together frame the procedural path to any ultimate approval or disapproval order.
Parallel applications across venues receive longer-period designations
Alongside NYSE Arca’s submissions, other exchanges have advanced XRP and Litecoin products. On August 18 the Commission also posted longer-period notices for several parallel XRP and Litecoin applications on Nasdaq and Cboe BZX, indicating a coordinated cadence of reviews across venues.
These postings underscore that multiple issuers and exchanges are pursuing similar structures with differing sponsors and trust vehicles.
For market participants, the new dates set a clear procedural horizon. The XRP and Dogecoin proposals face an October 18 decision date while Litecoin’s proposal is slated for October 10.
Until then, order flow and price discovery for these assets will remain confined to existing spot and derivatives venues. Any Commission order will turn on the record developed in each proceeding, including surveillance sharing, pricing data integrity and the mechanics of creation and redemption for the trusts.
The current step does not preclude further action by the Commission before the designated dates. It also does not bind outcomes for parallel filings on other exchanges.
Issuers and exchanges can amend proposals in response to comments, and the Commission can consolidate considerations where the underlying issues overlap. For now, the review clock continues under the Exchange Act framework, and the October dates now anchor the immediate timetable for these three assets.
At the time of this press, Dogecoin is trading at $0.217544 USD, experiencing a 24‑hour decline of approximately 3.21%.
