The SEC postpones the decision on cryptocurrency ETFs with Dogecoin and XRP

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 delayed its deadline for deciding on the proposed ETF listings until June.

A growing market

Dogecoin is the most traded memecoin in the world, with a market capitalization of around $26 billion as of April 29. XRP is the native token of the XRP Ledger blockchain network, with a market capitalization of approximately $133 billion.

An avalanche of proposals

In 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 "everything from XRP, Litecoin, and Solana to Penguins, Doge, and Melania and everything in between," said Bloomberg analyst Eric Balchunas.

What's next?

The avalanche of proposals comes as U.S. President Donald Trump presses the SEC to take a more flexible stance toward cryptocurrencies. What implications will this decision have for the cryptocurrency market? Only time will tell.