SEC Delays Action on DOGE and XRP ETF Proposals
The US Securities and Exchange Commission announced Tuesday a delay in their decision regarding cryptocurrency ETFs associated with XRP and Dogecoin.
Among the affected products are the 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust, with the SEC requesting public comments.
“Institution of proceedings is appropriate considering the legal and policy issues raised by the proposed rule change,” the SEC noted, clarifying that the initiation of a review “does not indicate any conclusions have been reached.”
Additionally, a separate notice postponed a decision on Bitwise’s request to allow staking rewards for its planned spot Ethereum ETF, which suggests the regulator will need more time to consider technical and public feedback.
The SEC has recently extended deadlines for crypto ETFs as it deals with many similar filings, with the potential to extend up to 240 days per application under securities law.
Under former President Joe Biden, the SEC, following a crucial court ruling, approved its first spot Bitcoin ETFs in January 2024 and allowed spot Ethereum ETFs in May 2025, marking a shift in regulatory attitudes across US administrations.
