#AltcoinETFsPostponed Funds #AltcoinETFsPostponed
Reversing its decisions regarding the XRP and DOGE exchange-traded funds
#Trump100Days $DOGE $XRP #AirdropOperationGuide
The U.S. Securities and Exchange Commission reverses its decisions on XRP and DOGE exchange-traded funds.
These filings come in response to proposals submitted by the NYSE Arca and Cboe BZX Exchange in March to list Bitwise and Franklin Templeton ETFs.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to greenlight two proposed exchange-traded funds for cryptocurrencies that hold Dogecoin and XRP, according to filings.
The U.S. regulatory body postponed the deadline for ruling on proposed ETF listings until June, according to filings reviewed by Cointelegraph.
The filings served as responses to requests from U.S. exchanges NYSE Arca and Cboe BZX Exchange to list Dogecoin from Bitwise.
Doge
$0.175
Franklin Templeton's ETFs and XRP
XRP
$2.24
ETFs, respectively.
This came on the same day that the Nasdaq, another U.S. exchange, requested permission to list the 21Shares Dogecoin ETF.
Dogecoin is the most traded meme coin in the world, with a market capitalization of nearly $26 billion as of April 29, according to CoinGecko data. XRP is the native token of the XRP Ledger blockchain. CoinGecko data shows its market capitalization is around $133 billion.
The U.S. Securities and Exchange Commission (SEC) postponed the deadline for reviewing the Franklin XRP fund. Source: SEC
Related: Institutions separate from Ethereum but keep Ethereum under control
A flood of filings
By 2025, the SEC received applications for the licensing of dozens of alternative cryptocurrency ETFs to be listed in the United States. As of April 21, there were nearly 70 cryptocurrency ETFs awaiting the agency's review.
Bloomberg analyst Eric Balthounas said in a post on April 21 on platform X: "Asset managers are proposing funds containing everything from XRP and Litecoin to Solana, Penguins, Doge, and 2x Melania, and everything in between."
This flood of proposals comes as U.S. President Donald Trump presses the SEC to take a more lenient stance on cryptocurrencies.
However, analysts warn that investor interest in alternative cryptocurrency ETFs may be lukewarm compared to those holding core cryptocurrencies like Bitcoin.
Bitcoin
$94,789
The Ether
Ethereum
$1,805
.
Balthounas said: "Having your coin listed as an ETF is like being in a band and having your songs added to all music streaming services."
"It doesn't guarantee listeners, but it puts your music where the vast majority of listeners are."
Despite U.S. exchanges adopting cryptocurrency ETF listings, they urge the SEC to take a stricter regulatory stance on digital assets. In a comment letter dated April 25, Nasdaq urged the SEC to subject digital assets to the same compliance standards applied to securities if they constitute "stocks by any other name."
