Hassan Maishera
TL;DR
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The U.S. SEC has delayed decisions on spot XRP and DOGE ETFs.
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The regulator has set new deadlines for June 15 and June 17, respectively.
SEC Delays Dogecoin and XRP Spot ETF Decisions
The United States Securities and Exchange Commission (SEC) has delayed decisions on spot XRP and Dogecoin exchange-traded funds (ETFs). This decision aligns with analyst expectations.
🚨NEW: The @SECGov has delayed making a decision on Franklin Templeton’s $XRP spot ETF until June 17.https://t.co/3EeRWBzBmg pic.twitter.com/BYfZJw5qWl
— Eleanor Terrett (@EleanorTerrett) April 29, 2025
According to the SEC filings, the regulator has set new deadlines of June 15 for the next steps for the Bitwise DOGE ETF and June 17 for the Franklin XRP Fund.
The SEC has 45 days from the announcement of a proposed rule change to approve it, reject it, or initiate a process to determine whether it should be rejected. The Commission can extend the 45 days to 90 days if it requires additional time.
The filings added that,
"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein."
While commenting on this latest development, Bloomberg Intelligence analyst James Seyffart pointed out that the delays are expected as final deadlines for most filings are in October or later.
We also had the SEC delay decisions on Ethereum Staking and Dogecoin ETFs today. I am expecting more delays today or at least this week on some Solana and Hedera/HBAR ETF filings. This is expected IMO. Final deadlines for most of this stuff is in October 2025 or later. https://t.co/kOZNCSjy6c
— James Seyffart (@JSeyff) April 29, 2025
