#AltcoinETFsPostponed It seems that the U.S. Securities and Exchange Commission (SEC) has not fully backed away from its decisions regarding XRP and DOGE exchange-traded funds (ETFs), but it has delayed final decisions on some submitted applications. Here are the details:
1️⃣XRP Exchange-Traded Funds (ETFs):
👈Delay in Franklin Templeton's Decision: The SEC announced an extension of the review period for Franklin Templeton's application for an XRP ETF until June 17, 2025. The agency stated that it needs more time to assess the proposed rule change and the regulatory issues raised in the filing.
👈Standard Procedure: Analysts see this delay as a standard procedure, especially since the new SEC chair, Gary Gensler, has not been officially confirmed yet.
👈Ongoing Optimism: Despite the delays, there remains optimism within the cryptocurrency community regarding the potential approval of XRP exchange-traded funds in the end, especially with the more favorable stance of regulators towards cryptocurrencies during the Trump administration.
👈Other Applications Under Review: There are several other asset managers, such as Grayscale, Bitwise, and Canary Funds, who have also submitted applications to launch XRP exchange-traded funds.
2️⃣DOGE Exchange-Traded Funds (ETFs):
👈Delay in Bitwise's Decision: The SEC has also delayed its decision on Bitwise's application for a Dogecoin ETF until June 15, 2025.
👈Nasdaq's Application for 21Shares: Nasdaq has also applied to list a 21Shares Dogecoin ETF, and this application is still under review.
Instead of backing away from its decisions, the SEC is currently delaying final decisions on the applications for XRP and DOGE exchange-traded funds, and these delays are viewed as standard procedures aimed at giving the agency more time to assess these new investment products in the evolving cryptocurrency market.
In the end, investors are still eagerly awaiting the final decisions, which could have a significant impact on the prices of XRP and DOGE.
