The US Securities and Exchange Commission (SEC) has
postponed its decision on two proposed cryptocurrency exchange-traded funds
(ETFs) that would provide exposure to XRP and Dogecoin. The agency extended its
review period until June 17, 2025, according to filings published yesterday (Tuesday).
The delays apply to two separate requests submitted in
March. Cboe BZX Exchange filed to list Franklin Templeton’s spot XRP ETF, while
NYSE Arca proposed listing Bitwise’s Dogecoin ETF. Both applications are now
part of a broader evaluation process under standard SEC timelines, Cointelegraph
reported.
XRP, Dogecoin ETF Decision Delayed
A third filing submitted on the same day came from Nasdaq,
which requested approval to list a 21Shares Dogecoin ETF. All three proposals
reflect rising interest from exchanges in altcoin-based investment products.
According ETF analysts the SEC could take until around
October 18, 2025, to reach a final decision on these and other crypto ETPs.
That timeline is based on standard procedural deadlines and current review
activity.
🚨BREAKING: SEC DELAYS DECISION ON FRANKLIN TEMPLETON’S SPOT XRP ETF — NEW DEADLINE JUNE 17 🧨👀The U.S. Securities and Exchange Commission (SEC) has officially pushed its decision on the Franklin Templeton XRP Spot ETF to June 17, 2025, per a new filing published today. The… pic.twitter.com/inWewJeQVB
— Diana (@InvestWithD) April 29, 2025
The XRP and Dogecoin tokens are among the most traded
cryptocurrencies. XRP, the native token of the XRP Ledger, has a market
capitalization of approximately $133 billion. Dogecoin, a memecoin, is valued
at roughly $26 billion, according to CoinGecko.
You may find it interesting at FinanceMagnates.com: XRP
in the Spotlight: Brazil Greenlights Spot ETF, US Next?
SEC Reviews 70 Crypto ETF Proposals
As of late April, the SEC was reviewing around 70 crypto ETF
proposals, many of which involve altcoins. Bloomberg’s Eric Balchunas said the
filings include products tied to assets ranging from Solana and Litecoin to
themed and leveraged tokens.
Despite the surge in applications, some analysts suggest
investor interest may remain concentrated in Bitcoin and Ether ETFs. Altcoin
ETFs, while more accessible through public exchanges, do not guarantee market
demand.
Meanwhile, US exchanges are asking the SEC to apply strict
oversight to crypto products. In an April 25 comment letter, Nasdaq urged the
regulator to treat digital assets as securities when their characteristics
warrant such classification.
This article was written by Tareq Sikder at www.financemagnates.com.
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