📉⏳ SEC Delays 21Shares Dogecoin $DOGE ETF – But Demand Grows!
The U.S. SEC has postponed its decision on the 21Shares Spot #Dogecoin ETF, originally filed by Nasdaq.
🔍 Fast Facts:
- New Timeline: Decision expected by mid-2025 (vs. original deadline).
- Broader Trend: Follows delays for other altcoin ETFs (Solana $SOL , $XRP ).
- Market Reaction: DOGE held steady post-news 📈.
🚀 Why This Signals Strength:
1️⃣ Institutional Commitment: 21Shares & Nasdaq pursuing DOGE ETF validates meme coins' growing legitimacy.
2️⃣ Regulatory Process: Delays are standard – Bitcoin ETFs faced similar hurdles before $126B success 💼.
3️⃣ Community Voice: SEC opened 21-day public comment period – boosting transparency.
> 💬 "Delays ≠ denials. Crypto ETF momentum is unstoppable." – Industry consensus.
🌟 The Takeaway:
While short-term delays continue, institutional pressure for spot crypto ETFs keeps rising – a bullish 2025 catalyst! 🐂