The SEC has just delayed its decision on ETFs tracking XRP and Dogecoin, continuing to postpone the altcoin investment wave following the success of the Bitcoin ETF. Do these digital assets have a chance to break through?
SEC Delays Decision on XRP and Dogecoin ETFs
On May 20, 2025, the U.S. Securities and Exchange Commission (SEC) announced the delay in approving rule changes allowing the 21Shares and Grayscale Dogecoin ETFs to trade on Cboe and NYSE. The SEC stated that 'more analysis' is needed to ensure that the funds comply with anti-fraud regulations and protect investors. This move does not imply the likelihood of approval, according to the filings.
On the same day, the SEC also delayed its decision on Solana ETFs from 21Shares, Bitwise, VanEck, and Canary Capital, continuing the trend of delays with altcoin funds. Previously, spot Bitcoin and Ethereum ETFs successfully launched in 2024, with the Bitcoin ETF reaching $126 billion in assets under management, according to CoinGlass.
The Wave of Altcoin ETFs and Ambition
Following the success of the Bitcoin ETF, leading asset managers like Bitwise, Franklin Templeton, and CoinShares have applied for ETFs for Litecoin, Cardano, $SUI and Pengu. 21Shares, a Swiss company, filed an S-1 for the XRP ETF back in 2024 – the fourth-largest cryptocurrency in the world, associated with Ripple, specializing in accelerating cross-border transactions. Grayscale, based in Stamford, Connecticut, also plans to convert its Dogecoin Trust into an ETF starting January 2025, targeting the eighth-largest meme coin.
Significance and Prospects
The SEC's delay reflects caution with altcoins, even as investment demand increases following the Bitcoin and Ethereum ETFs. $XRP and Dogecoin, with a large position, could expand access if approved, attracting institutional capital. Crypto fund inflows reached $3.4 billion last week, forecasting an accumulation of $330 billion into Bitcoin by 2029, indicating long-term potential. In the next 2-3 years, if the SEC approves, altcoin ETFs could boost the market, especially as Ethereum ($2,600) also grows.
Conclusion: Opportunity Awaiting?
The SEC has delayed its decision on XRP and Dogecoin ETFs, but the #AltcoinETF wave remains strong after the success of the Bitcoin ETF ($126 billion in assets). While cautious, the long-term growth potential of altcoins is clear. Investors need to be patient in monitoring developments.
Risk Warning: Investing in crypto carries high risks due to price volatility and legal uncertainties. Please consider carefully before participating.