SEC Delays Dogecoin, XRP ETF Reviews Until June
The SEC has postponed decisions on two major crypto ETFs: Dogecoin and Ripple. This move reflects growing pressure on the regulator to address the flood of applications from major asset managers.
Following the approval of Bitcoin and Ethereum ETFs, the crypto market has seen a surge of similar proposals focused on altcoins. Bitwise and Franklin Templeton are among the first to target Dogecoin and XRP, two high-volume cryptocurrencies with strong communities.
The delays until mid-June indicate a cautious approach from the SEC. The agency claims it needs more time to assess the technical details and potential market impact of these products.
Meanwhile, new proposals from Grayscale, 21Shares, and Nasdaq signal a clear demand from the financial industry for regulated access to alternative crypto assets.
