SEC postpones decision on Ripple and Dogecoin ETF applications
The latest news is that the SEC has delayed its decision on Ripple (XRP) and Dogecoin (DOGE) ETF applications, with the new decision date set for mid-June. However, experts say this may not be the final deadline, and there may be more delays later.
It is reported that the SEC has delayed the review decision of two cryptocurrency-related ETFs. One is the Dogecoin meme coin ETF proposed by Bitwise, and the other is the Ripple XRP fund submitted by Franklin Templeton in mid-March. Currently, the review period for these two ETFs has been extended to June 15 and June 17, respectively.
The SEC mentioned in the document that they felt they needed more time to consider these proposed rule changes and the issues they raised, so according to the relevant bill provisions, the final decision date was set on June 17.
Fox Business News' Eleanor Terrett quoted ETF expert James Seyffart as saying that these new dates are still uncertain and there may be more delays, probably around the 18th of mid-October.
In addition to the Ripple and Dogecoin ETFs, the SEC has delayed the review of several other cryptocurrency ETFs, including Franklin's Solana fund and Grayscale's Hedera ETF.
A few days before the XRP ETF was delayed, the SEC approved three futures funds from ProShares. Originally, these financial instruments would be launched on April 30, but the news was later debunked and the estimated launch date is now May 14.
In short, this wave of delays by the SEC has made the road to the review of the Ripple and Dogecoin ETFs full of uncertainty.
How many months do you think these ETFs will be delayed to? And will they be approved in the end? Leave your opinions and opinions in the comment section!
