This is a very critical development, as Grayscale's XRP and Dogecoin ETF applications have garnered significant market attention. Although the SEC's acknowledgment does not equate to approval, it does indicate a shift in the regulatory stance, especially regarding the scrutiny of altcoins like XRP and Dogecoin. This change may be a response to market demands for more cryptocurrency ETFs, particularly for promising projects like Solana, XRP, and Dogecoin.
In particular, the ETF proposal for XRP, despite the Ripple lawsuit not being fully resolved, has been recognized for review, which undoubtedly increases market anticipation for the final outcome of this case. If these cryptocurrencies' ETFs are approved, it will undoubtedly increase institutional investor participation, further boosting market liquidity.
As for Dogecoin, although its nature is considered a meme coin, its market foundation and loyal community also make it a potential asset. Many predict that the SEC may regard it as a commodity rather than a security, which also increases the likelihood of its ETF approval.
Overall, the SEC's review of these proposals undoubtedly injects hope into the market. What impact do you think this change in regulatory attitude will have on the market?
