SEC Delays Decision on Dogecoin and XRP ETFs, Impacting Crypto ETF Landscape

The Securities and Exchange Commission (SEC) has postponed its decision on the proposed Dogecoin and XRP exchange-traded fund (ETF) applications. This move extends the review period for these applications, raising questions about the future of crypto ETFs in the market. 21Shares and Grayscale are among those impacted by this delay. The SEC typically takes an extended time to evaluate applications, as evidenced by the historical trend of multiple extensions before reaching a conclusion. While XRP and Dogecoin prices have remained stable following the announcement, it remains unclear how long investors will need to wait for regulatory approval. Institutional investors continue to demonstrate strong interest in accessing cryptocurrencies through ETFs, fueling speculation about a potential shift in regulatory landscape.