The US Securities and Exchange Commission (SEC) continues to evaluate applications for exchange-traded funds (ETFs) and staking funds related to cryptocurrencies. According to the latest developments, it is stated that the SEC has postponed its decisions on XRP and Litecoin-based spot ETFs, but has officially accepted the application for a TRON (TRX)-based staking fund.

Postponement for XRP and Litecoin ETFs:
The SEC has once again postponed its decision on the XRP spot ETFs offered by Bitwise and CoinShares, as well as CoinShares' Litecoin spot ETF. This postponement reflects the SEC's cautious stance in its approach to crypto asset-based ETFs. It is known that the decisions were postponed until August 24 and that the SEC is requesting more comments and objections from the public. This situation can be interpreted as the agency wants to gather more information before making a final decision or may extend the process even further. In the case of XRP, the SEC’s ongoing legal case with Ripple is also thought to be affecting the ETF approval process.
Positive Step for TRON (TRX) Staking Fund Application:
In contrast, a TRON (TRX)-based staking fund application submitted by Canary Capital has been officially accepted by the SEC. This means that the fund’s official review process and comment period has begun. If approved, the Canary Staked TRX ETF is intended to track the spot price of TRX as well as offer staking rewards to investors. This fund could be one of the first altcoin ETFs in the US with staking and could offer traditional investors exposure to TRX and the opportunity to earn passive income. BitGo Trust Company has been designated as the custodian for the fund’s assets.
Overall Assessment:
These SEC decisions create both uncertainty in the crypto market and potential opportunities for some crypto assets. With the approval of Bitcoin and Ethereum-based ETFs, there are signs that a path is opening for staking-enabled products, although the SEC’s stance on other altcoins remains cautious. Other applications, such as Grayscale’s staking proposal for Ethereum ETFs, are also under SEC review, and those decisions are expected to shape the regulatory framework for future crypto ETFs and staking products.
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