The filings respond to the March proposals from NYSE Arca and Cboe BZX Exchange to list the Bitwise and Franklin Templeton ETFs.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to greenlight two proposed cryptocurrency exchange-traded funds (ETFs) containing Dogecoin and XRP, according to documents.
The U.S. regulator has pushed back its deadline to decide on the proposed ETF listings until June, according to two documents reviewed by Cointelegraph.
The documents were responses to March requests from U.S. exchanges NYSE Arca and Cboe BZX Exchange to list the Dogecoin ETF.
DOGE0.1543 € from Bitwise and the XRP ETF
XRP1.96 € from Franklin Templeton, respectively.
They arrived on the same day that Nasdaq, another U.S. exchange, requested permission to list a Dogecoin ETF from 21Shares.
Dogecoin is the most traded memecoin in the world, with a market capitalization of around $26 billion as of April 29, according to CoinGecko data. XRP is the native token of the XRP Ledger blockchain network. It has a market capitalization of approximately $133 billion, according to CoinGecko data.
Large number of filings
By 2025, the SEC has received applications to authorize dozens of altcoin ETFs for listing in the United States. As of April 21, approximately 70 cryptocurrency ETFs were awaiting SEC review.
Asset managers are proposing funds that contain "[e]verything from XRP, Litecoin, and Solana to Penguins, Doge, and 2x Melania and everything in between," said Bloomberg analyst Eric Balchunas in a post on April 21 on platform X.
The avalanche of proposals comes as U.S. President Donald Trump pressures the SEC to adopt a more lenient stance toward cryptocurrencies.
However, analysts warn that investor demand for altcoin ETFs may be shy compared to funds containing major cryptocurrencies like Bitcoin (BTC) and Ether ETH1591 €.
"Having your coin included in an ETF is like being in a band and getting your songs added to all the music streaming services," said Balchunas.
"It doesn’t guarantee listens, but it puts your music where the vast majority of listeners are."
While U.S. exchanges are embracing cryptocurrency ETFs, they are also urging the SEC to take a strict regulatory stance toward digital assets. In a comment letter dated April 25, Nasdaq encouraged the SEC to apply the same compliance standards to digital assets as to securities if they constitute "stocks by another name."