financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
XRP and DOGE ETFs Face SEC Review Extension as Public Comment Sought
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
XRP and DOGE ETFs Face SEC Review Extension as Public Comment Sought
May 25, 2025 6:52 PM

The US Securities and Exchange Commission (SEC) has extended its review timeline for proposed spot cryptocurrency exchange-traded funds (ETFs), tied to XRP and DOGE.

After temporarily halting decisions originally slated for May 21 and 22, the Commission is now seeking public comments on them.

Ruling on XRP, DOGE ETFs

The delay affects the 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust. All three aim to offer investors exposure to their respective digital assets via ETF shares backed exclusively by XRP or DOGE, with index tracking and custodial services provided by industry-standard partners such as Coinbase Custody and CoinDesk Indices.

While the SEC has stated that this move does not suggest a leaning toward approval or denial, it is calling for public comments to assess better whether the proposals meet the standards of investor protection and market integrity outlined in the Exchange Act.

In the filings, the agency explained,

Institution of proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. The institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.

Besides, the agency also postponed a decision on Bitwises proposal to allow staking in its Ethereum ETF, continuing a trend of extended timelines as the SEC sifts through an increasing number of crypto-related filings.

ETF Delays Are Routine, Not Surprising

Industry observers, including Bloomberg ETF analyst James Seyffart, weighed in on the SECs latest delay and noted that such extensions are routine. According to Seyffart, while several XRP-related products have upcoming review dates, early approvals are unlikely.

He added that the securities watchdog typically uses the full allotted time to evaluate 19b-4 filings, making October the more realistic window for final decisions. Seyffart also said that any approvals before late June or early July would be considered unusual, regardless of the SECs current stance toward crypto. In his view, early action, not delays, would be the real deviation from standard regulatory procedure.

Seyffart even went on to say that Litecoin ETF has a higher likelihood of getting approved first before all the other crypto ETFs.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Consolidation Phase Over? Crypto Market Is Poised to Move North (Bitfinex)
Consolidation Phase Over? Crypto Market Is Poised to Move North (Bitfinex)
Jun 4, 2024
Bitfinex analysts have identified on-chain dynamics that suggest the crypto markets correction phase is over, and investors have entered a re-accumulation phase, which precedes rallies. According to the latest Bitfinex Alpha report, crypto investors are buying bitcoin (BTC) and ether (ETH) at an increasingly consistent pace. The market shift from consolidation to re-accumulation is evident in the behavior of BTC...
Commodity Update: Gold, Silver and Oil Decline Despite a Softer US Data
Commodity Update: Gold, Silver and Oil Decline Despite a Softer US Data
Jun 4, 2024
Commodity Analysis: Gold Silver and Oil Commodities start the week on the backfoot with US jobs in focusGold consolidates within narrow range, silver continues its declineOil market takes a hit after OPEC+ plans to steadily reintroduce supplyDiscover the nuances behind trading gold and oil, two complex markets which remain sensitive to macro and geopolitical events Recommended by Richard Snow Recommended...
PEPE, WIF, SHIB Drop Hard as BTC Struggles to Maintain $69K (Market Watch)
PEPE, WIF, SHIB Drop Hard as BTC Struggles to Maintain $69K (Market Watch)
Jun 4, 2024
Bitcoins price faced some enhanced volatility in the past 24 hours as it popped to $70,200 but was violently rejected there and pushed down to $69,000. The altcoins are mostly in the red, while KAS skyrocketed by 19% and now trades close to $0.18 BTC Shaky at $69K The primary cryptocurrency had a fluctuating end of the previous business week...
Can Ripple’s XRP Skyrocket by 63,000% If History Repeats? (Analysts)
Can Ripple’s XRP Skyrocket by 63,000% If History Repeats? (Analysts)
Jun 4, 2024
TL;DR XRPs price performance has been lagging behind the leading cryptocurrencies such as BTC, ETH, and SOL in the last 30 days. Nonetheless, analysts remain optimistic that a rally is on the horizon based on the assets historical performance and some essential factors. Is It Time for an XRP Bull Run? Many of the leading cryptocurrencies, including Bitcoin (BTC), Ethereum...
Copyright 2023-2025 - www.financetom.com All Rights Reserved