The US Securities and Stock Exchange Committee (SEC) delayed the DOGECOIN and XRP ETF applications from Grayscale and 21shares investments, respectively. This decision follows a pattern of relevant delays announced earlier this month, as the committee seeks an additional time to take a decision on paying unconventional assets. While this delay is not an explicit denial, it adds to the increasing speculation of ETF for both origins.
ETFS DOGECOIN and XRP ETFS
According to the market organizer, instead of the deadline scheduled from 21 to 22 May to study whether the proposals meet the requirements of the Stock Exchange Law 6 (B) (5) to prevent fraud and protect investors.
21 Shares was introduced to the XRP ETF product in February, adding to the assortment of Crypto ETF files in the United States. This product aims to circulate on the CBOE BzX Stock Exchange and seeks to provide indirect exposure to institutional investors to the higher currency.
Just like 21shares, gray investments were offered to the Spot Dogecoin ETF product after the first Doge Trust float in January. The United States again Acknowledge the DOGE ETF files In March, he put it on the official approval window.
After the last delay, the organizer plans to make its decision on XRP ETF on June 17 this year. A similar decision has been revealed by Dogecoin ETF from Grayscale investments.
It should be noted that despite these delays, the price expectations of both Altcoins have not slipped. As of writing, XRP changed hands for $ 2.355, an increase of 1.66 % in 24 hours. Coinmarketcap data also linked the price of Dogecoin at $ 0.2264 above 0.75 %.
Although both currencies are still subject to current market fluctuations, they may play a role in the upcoming Altcoin season. The possibility of their approval by the United States is a major incentive worth seeing both coins.
ETF encryption possibilities
Earlier this week, the market organizer last decision on the Solana ETF application from BitWise and 21shares. This step confirmed that the committee does not target one of the assets.
Commenting on this trend, James Sevart, Bloomberg analyst, James Sevart, said the delays on these products are normal. Despite the near schedule of some XRP approvals, note that early approval will be considered in about June.
It is expected delays in Spot Crypto ETFS. A group of ETPS XRP has dates in the next few days.
If we see early approvals from the Supreme Education Council on any of these assets – I do not expect to see them until late June or early July as soon as possible. It is likely to be in the early quarter.
Jseyff May 20, 2025
Analysts said that SEC in general takes full time to review and respond to 19B-4 related to ETF files. Despite the fact that Bitcoin and ETHEREUM ETF products have been operated for more than a year, it is expected that ETFS altcoin Etfs will require careful study before approval.
However, since Paul Atkins, as Chairman of the Securities and Stock Exchange Committee, has improved the confidence of approval based on his hidden nature forward.
Godfrey Benjamin
Benjamin Jodfrey is a blockchain lover and journalists who enjoy writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desires to educate people about encrypted currencies inspire his contributions to the media and the famous Blockchain sites. Benjamin Jodfrey is a fan of sports and agriculture. Follow it xand LinkedIn
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