The US Securities and Exchange Commission (SEC) has announced delays in its decisions regarding the approval of spot exchange-traded funds (ETFs) for both XRP and Dogecoin (DOGE). The regulatory body revealed late Tuesday that new deadlines have been set for the Bitwise Dogecoin ETF on June 15 and for the Franklin XRP Fund on June 17.
These delays come as no surprise to analysts, including Bloomberg Intelligence’s James Seyffart, who had anticipated such postponements. Seyffart noted on X (formerly Twitter) that the final deadlines for the majority of pending ETF filings are not until October 2025 or later.
Under current regulations, the SEC has an initial 45-day window to approve, reject, or initiate further review of a proposed rule change. The Commission has the option to extend this period to a total of 90 days if it deems additional time is necessary to thoroughly evaluate the proposal.
In its official filings, the SEC stated that the extended timelines are appropriate to allow sufficient time to consider the proposed rule changes and the associated issues.
The price movements of both XRP and Dogecoin have remained relatively stable over the past 24 hours, mirroring the largely unchanged price of Bitcoin.
