Ripple’s XRP and Dogecoin ETFs Face Delays as SEC Examines Spot Crypto ETF Applications

The U.S. Securities and Exchange Commission (SEC) has extended its review period for applications seeking to list spot crypto exchange-traded funds (ETFs), including those related to Ripple’s XRP and Dogecoin. The SEC cited a need for further examination into whether these proposals comply with regulatory requirements, specifically the Exchange Act Section 6(b)(5), which aims to prevent fraud and protect investors. This delay follows requests from Cboe and NYSE, who sought approval to list the proposed 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust respectively.