The SEC has reversed its decisions on XRP and DOGE ETFs.
#Trump100Days $DOGE $XRP #AirdropGuide
The SEC has reversed its decisions on XRP and DOGE ETFs.
These filings are in response to proposals made by the New York Arca Exchange and Cboe BZX Exchange in March to list ETFs from Bitwise and Franklin Templeton.
The US Securities and Exchange Commission (SEC) has postponed its decision on whether to greenlight two proposed exchange-traded funds for cryptocurrencies that hold Dogecoin and XRP, according to filings.
The US regulatory body has postponed the deadline for ruling on proposed ETF listings until June, according to two filings reviewed by Cointelegraph.
The files served as responses to requests from March from US exchanges NYSE Arca and Cboe BZX Exchange to list Dogecoin from Bitwise.
Dogecoin
0.175 USD
Franklin Templeton's ETFs and XRP
XRP
2.24 USD
ETFs, respectively.
This came on the same day that Nasdaq, another US exchange, requested permission to list the 21Shares Dogecoin ETF.
Dogecoin is the most traded meme coin in the world, with a market capitalization of nearly $26 billion as of April 29, according to CoinGecko data. XRP, on the other hand, is the native token of the XRP Ledger blockchain. CoinGecko data shows its market value is approximately $133 billion.
The SEC has delayed the deadline for reviewing the Franklin XRP fund. Source: SEC
Related: Institutions are divorcing from Ethereum but keeping Ethereum under control.
A flood of files
By 2025, the SEC has received requests for licensing dozens of ETFs for alternative coins to be listed in the US. As of April 21, there were nearly 70 cryptocurrency ETFs awaiting review by the agency.
Bloomberg analyst Eric Paltchounas posted on April 21 on X: 'Asset managers are proposing funds that contain everything from XRP and Litecoin and Solana to Penguins and Doge and 2x Melania and everything in between.'
This flood of proposals comes as US President Donald Trump pressures the SEC to take a more lenient stance towards cryptocurrencies.
However, analysts warn that investor interest in alternative coin ETFs may be lukewarm compared to funds holding core cryptocurrencies like Bitcoin.
Bitcoin
94,789 USD
and Ethereum
Ethereum
1,805 USD
.
Paltchounas said: 'Having your coin get an ETF is like being in a band and having your songs added to all the music streaming services.'
'It doesn’t guarantee listens but it puts your music where the vast majority of listeners are.'
Despite US exchanges adopting exchange-traded funds for cryptocurrencies, they are urging the US Securities and Exchange Commission (SEC) to take a strict regulatory stance towards digital assets. In a comment letter dated April 25, Nasdaq urged the SEC to subject digital assets to the same compliance standards applied to securities if they constitute 'shares by any other name.'
#AltcoinETFsPostponed #BinanceAlphaAlert #AirdropStepByStep
