SEC Postpones Decision on Spot Ripple and Dogecoin ETF Proposals
The US Securities and Exchange Commission has postponed its decision on two applications for exchange-traded funds (ETFs) related to cryptocurrencies, specifically focusing on XRP and DOGE.
The ETF proposal for the meme coin was submitted by Bitwise, while the application for XRP was filed by Franklin Templeton in mid-March.
The extended review period now runs until June 15 for the Dogecoin ETF and June 17 for the XRP ETF.
“The Commission deems it necessary to allocate more time for reviewing the proposed rule change, allowing for thorough consideration of the relevant issues,”
“Consequently, under Section 19(b)(2) of the Act, the Commission has designated June 17, 2025, as the date by which it will either approve or reject, or initiate proceedings regarding the proposed rule change (File No. SR-CboeBZX-2025-040),” the filing states.
After a conversation with ETF expert @JSeyff just now, I have additional clarity:
These deadlines are interim, and we can expect final rulings on various crypto ETPs to appear in Q4. Regarding the $XRP spot ETF, James anticipates a definitive ruling around mid-October, likely on the 18th. It’s…
— Eleanor Terrett (@EleanorTerrett) April 29, 2025
Additionally, Wu Blockchain reported that the SEC has also delayed other crypto ETF applications, including those for a Solana fund by Franklin and Grayscale’s Hedera ETF.
The postponement of the XRP ETF decision follows closely on the heels of the agency’s approval of three futures funds from ProShares. Initial reports indicated a launch date of April 30, but that information has since been clarified, with the new launch set for May 14.
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