SEC HITS PAUSE ON XRP AND DOGE ETFs — SEEKS PUBLIC FEEDBACK

- The U.S. SEC has delayed decisions on ETF filings tied to $XRP and Dogecoin $DOGE, requesting more public input before moving forward.

Which ETFs are affected?

Three proposals are now under extended review:

- 21Shares Core XRP Trust

- Grayscale Dogecoin Trust

- Grayscale XRP Trust

What does this mean?

- The SEC is not rejecting the ETFs — it’s simply initiating a formal review process. That includes opening a 21-day public comment window and allowing 35 days for rebuttals. These delays are routine.

- The SEC wants to assess if the proposals meet standards under the Exchange Act — especially rules that prevent fraud and protect investors.

Key details from the filings:

- 21Shares plans to use Coinbase Custody and track the CME CF XRP-Dollar Reference Rate.

- Grayscale’s DOGE and XRP ETFs would follow CoinDesk indices.

- All three ETFs aim to issue shares in 10,000-share blocks and hold only their respective tokens.

- ETF analyst James Seyffart called the delay expected. According to the experts, early approvals, if any, likely won’t arrive before late June or early Q4.

- The SEC has delayed multiple crypto ETF filings in recent months — including one tied to Bitwise’s Ethereum staking ETF.