The SEC has extended the review period for XRP and Dogecoin ETF proposals from 21Shares and Grayscale.
Public commentary is now open as the SEC assesses legal and policy aspects of crypto-based ETF filings.
The Bitwise Ethereum ETF staking proposal review deadline is extended to July 6, 2025, for further evaluation.
The SEC delays XRP and Dogecoin ETF decisions, along with the Bitwise Ethereum ETF staking proposal, while inviting public feedback on the pending applications.
SEC Seeks Public Input on XRP and Dogecoin ETF Filings
The U.S. Securities and Exchange Commission has extended its timeline to review ETF proposals involving XRP and Dogecoin. The delayed decisions apply to the 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust.
According to official documents released Tuesday, the SEC has asked for public comment on all three proposals. The filings are under review for potential approval to list crypto-based exchange-traded funds on regulated exchanges. The Commission has stated that this move reflects the legal and policy questions tied to the rule changes.
“Institution of proceedings is appropriate at this time,” the SEC said in one of the filings. The agency clarified that this does not indicate any preliminary judgment. Rather, it opens the process for additional input before reaching a final decision.
Market Observers Note Timeline Extension as Standard
ETF analyst James Seyffart from Bloomberg Intelligence responded to the SEC’s action in a post on X. He noted that delays on crypto ETF filings are routine, regardless of the current leadership.
https://twitter.com/JSeyff/status/1924886375347716466
“If we're gonna see early approvals from the SEC on any of these assets — I wouldn’t expect to see them until late June or early July at absolute earliest,” Seyffart posted. He added that most deadlines extend through October, and early approvals would be uncommon.
The SEC’s call for public comments aligns with its usual procedures for new digital asset-related products. The applications must navigate legal scrutiny before the Commission moves forward with approval or disapproval.
Bitwise Ethereum ETF Staking Proposal Also Delayed
The SEC has also postponed its decision on the Bitwise Ethereum ETF staking proposal. NYSE Arca filed the original request on March 20, 2025, with a full amendment submitted on March 24, 2025.
The revised filing seeks to amend listing rules to permit Ethereum staking. The Commission published the proposal in the Federal Register on April 7, 2025, starting a 45-day review window set to end on May 22, 2025. That period has now been extended.
The SEC, under Section 19(b)(2) of the Exchange Act, has set the new final action date as July 6, 2025. The extra time is provided for consideration of the matters in the proposal.
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