Crypto ETF Decisions on Hold: SEC Pushes Dogecoin and XRP Decisions to Mid-2025
SEC Delays Ruling on XRP and Dogecoin ETFs Until June 2025
Get the lowdown! Here's the scoop on the revised timeline for exchange-traded funds (ETFs) tracking Dogecoin and XRP.
The Nitty Gritty
The Securities and Exchange Commission (SEC) has pushed back the decision dates for the Bitwise Dogecoin ETF and Franklin XRP Fund until mid-June 2025. Specifically, the Bitwise Dogecoin ETF decision is now slated for June 15, while the Franklin XRP Fund decision is scheduled for June 17.
What Gives?
You might be wondering what's causing these delays. Well, it's all part of the SEC's standard process, which allows for an initial 45-day review period that can be extended up to 90 days if more time is needed. These delays are common when handling a high volume of filings, like the current wave of crypto ETF applications that's swept the market.
On the Horizon
Despite these delays, keep an eye out for final rulings on many crypto ETFs by October 2025. Analysts are also expecting continued interest from exchanges and asset managers in expanding the crypto ETF ecosystem, with Nasdaq recently filing for SEC approval to list the 21Shares Dogecoin ETF in April 2025.
As the SEC weighs in on these proposals, the crypto industry waits with bated breath for signals about the regulatory path forward under the new administration. Stay tuned for updates!
- The regulatory body, Securities and Exchange Commission (SEC), has postponed decisions on the Bitwise Dogecoin ETF and Franklin XRP Fund until mid-June 2025.
- The standard process allowing for a 45-day review, which can be extended up to 90 days, is responsible for the delays in these decisions, due to the high volume of cryptocurrency ETF applications.
- While the decisions on Dogecoin and XRP ETFs are delayed, many expect final rulings on various crypto ETFs by October 2025.
- In addition, Nasdaq has recently filed for SEC approval to list the 21Shares Dogecoin ETF in April 2025, indicating continued interest from exchanges and asset managers in the crypto ETF market.
- As the SEC considers these proposals, the crypto industry looks ahead, anticipating indications about the regulatory path for cryptocurrencies under the new administration.
