#AltcoinETFsPostponed

💥SEC punts decisions on XRP, DOGE ETFs 💥

The US Securities and Exchange Commission (SEC) has postponed deciding on whether to greenlight two proposed cryptocurrency exchange-traded funds (ETFs) holding Dogecoin and XRP, filings show. 

The US regulator has delayed its deadline for ruling on the proposed ETF listings until June, according to two filings reviewed by Cointelegraph. 

The filings were responses to March requests from US exchanges NYSE Arca and Cboe BZX Exchange to list Bitwise’s Dogecoin ETF and Franklin Templeton’s XRP ETF, respectively. 

They came on the same day that Nasdaq, another US exchange, asked for permission to list a 21Shares Dogecoin ETF. 

👉Deluge of filings

The deluge of proposals comes as US President Donald Trump pushes the SEC to take a more accommodating stance toward cryptocurrencies. 

However, analysts warn that investor interest in altcoin ETFs may be tepid in comparison to funds holding core cryptocurrencies such as Bitcoin and Ether.

Although US exchanges are embracing crypto ETFs, they are also urging the SEC to take a tough regulatory posture toward digital assets.