U.S. SEC requests withdrawal of filings from crypto ETF issuers

Son Min

Summary

The U.S. SEC has reportedly asked crypto ETF issuers to withdraw their 19b-4 filings.
The SEC's request reportedly included issuers of Litecoin (LTC), XRP (XRP), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE).
This move comes after the SEC approved new ETF listing standards, allowing certain ETFs to be listed without individual approvals.

The U.S. Securities and Exchange Commission (SEC) has reportedly asked issuers of virtual asset (cryptocurrency) exchange-traded funds (ETFs) to withdraw their 19b-4 (exchange rule change filing) filings.

On the 29th (local time), Eleanor Terrett, host of Crypto in America, stated on X (formerly Twitter) that "the SEC requested the withdrawal of 19b-4 filings from issuers of Litecoin (LTC), XRP (XRP), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE)." She added, "Withdrawals could begin as early as this week."

This follows the SEC's recent approval of new general listing standards for ETFs. Previously, each virtual asset ETF had to undergo an individual approval process, but going forward, ETFs that meet certain criteria can be listed without individual approval.