- SEC delays XRP, Dogecoin ETF ruling, seeks public comments.
- Approval timelines pushed potentially to late 2025.
- ETFs would enable broader institutional access upon approval.
The SEC has delayed deciding on ETFs for XRP and Dogecoin, inviting public comments, impacting market sentiment.
ETFs for XRP and Dogecoin remain under review by the SEC, which has prompted regulatory transparency and cautious market optimism.
The SEC has postponed decisions on the proposed ETFs for XRP and Dogecoin, requesting public comment as part of its review. Grayscale and 21Shares are the main applicants involved. The decision delay is consistent with the SEC’s rigorous approach to evaluating crypto assets, also seen in prior Bitcoin ETF applications. James Seyffart noted that approvals may not occur before late 2025.
If we’re gonna see early approvals from the SEC on any of these assets — I wouldn’t expect to see them until late June or early July at absolute earliest. More likely to be in early Q4. — James Seyffart, ETF Analyst, Bloomberg
The delay affects immediate market activity, though approvals are expected to increase institutional investment in XRP and Dogecoin. Spot ETFs enable asset-backed trading, potentially boosting liquidity. The SEC’s action reflects its focus on investor protection and compliance, demanding public input to gauge proposals’ impacts. Financial and market responses await further clarity. Cryptocurrency ETFs could potentially mirror the positive effects seen in Bitcoin’s case, but uncertainty remains till approval.
The SEC’s decision affects investment strategies and regulatory perception of crypto markets. The public response will influence ultimate approval. Previously, Bitcoin ETF approvals led to significant inflows and market value increases. XRP and Dogecoin could see similar results, pending regulatory and market dynamics.
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