- SEC delays decision on Dogecoin and XRP ETFs.
- SEC extends ETF application review period.
- XRP and Dogecoin prices stable post announcement.
This decision highlights regulatory scrutiny and its implications on the evolving crypto ETF landscape, affecting investor strategies.
SEC’s delay affects ETF applications from 21Shares and Grayscale, submitted earlier in 2025. Grayscale aims to track prices using CoinDesk indexes for Dogecoin and XRP. SEC scrutinizes fraud prevention and investor protection compliance.
SEC’s actions require 21 days for public comments, with additional time for rebuttals. Postponement aligns with historic review patterns. SEC’s track record involves multiple extensions before conclusions. James Seyffart, Bloomberg analyst, expressed no immediate approval expected before late 2025.
XRP and Dogecoin prices remain stable, indicating limited market disruption from delayed decisions. Institutional investor interest in crypto ETFs remains strong, seeking exposure to diverse digital assets.
Bloomberg analysis implies spot-based ETF approval by end of 2025 as a potential timeline. Possible outcomes include enhanced regulatory standards, new investment vehicles, and a broader institutional crypto market presence. Regulatory landscape continues evolving, with Chair Paul Atkins advocating crypto development.
“A bunch of XRP ETPs have dates in next few days. 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
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