The US Securities and Exchange Commission (SEC) has postponed its decision on two proposed cryptocurrency exchange-traded funds (ETFs) that would provide exposure to XRP and Dogecoin. The agency extended its review period until June 17, 2025, according to filings published yesterday (Tuesday).
The delays apply to two separate requests submitted in March. Cboe BZX Exchange filed to list Franklin Templeton’s spot XRP ETF, while NYSE Arca proposed listing Bitwise’s Dogecoin ETF. Both applications are now part of a broader evaluation process under standard SEC timelines, Cointelegraph reported.
XRP, Dogecoin ETF Decision Delayed
A third filing submitted on the same day came from Nasdaq, which requested approval to list a 21Shares Dogecoin ETF. All three proposals reflect rising interest from exchanges in altcoin-based investment products.
According ETF analysts the SEC could take until around October 18, 2025, to reach a final decision on these and other crypto ETPs. That timeline is based on standard procedural deadlines and current review activity.
The XRP and Dogecoin tokens are among the most traded cryptocurrencies. XRP, the native token of the XRP Ledger, has a market capitalization of approximately $133 billion. Dogecoin, a memecoin, is valued at roughly $26 billion, according to CoinGecko.
You may find it interesting at FinanceMagnates.com: XRP in the Spotlight: Brazil Greenlights Spot ETF, US Next?
SEC Reviews 70 Crypto ETF Proposals
As of late April, the SEC was reviewing around 70 crypto ETF proposals, many of which involve altcoins. Bloomberg’s Eric Balchunas said the filings include products tied to assets ranging from Solana and Litecoin to themed and leveraged tokens.
Despite the surge in applications, some analysts suggest investor interest may remain concentrated in Bitcoin and Ether ETFs. Altcoin ETFs, while more accessible through public exchanges, do not guarantee market demand.
Meanwhile, US exchanges are asking the SEC to apply strict oversight to crypto products. In an April 25 comment letter, Nasdaq urged the regulator to treat digital assets as securities when their characteristics warrant such classification.
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