The Securities and Exchange Commission (SEC) has delayed its decisions on two prominent crypto exchange-traded fund (ETF) applications, potentially impacting the market and further fueling uncertainty in the cryptocurrency sector. These delays affect both Canary Capital and Grayscale’s ETF proposals, pushing back deadlines to October 2025. The SEC emphasizes a thorough review process for spot crypto ETFs due to concerns regarding market structures and investor protection. This delay affects XRP, Litecoin, and Cardano ETFs among others, causing volatility and lowering approval odds as institutional investors grapple with prolonged uncertainty. Analysts expect continued fluctuations in these assets until regulatory clarity emerges.