The SEC has decided to delay its decision on the $DOGE and $XRP ETFs filed by Grayscale and 21Shares, leaving the crypto community on standby. This marks another chapter in the ongoing saga of crypto ETF approvals, where the regulators continue to drag their feet. The next update is expected in June, so it looks like we'll be in this waiting game for a while longer.
Interestingly, despite the pause in the approval process, there hasn’t been a significant price drop for either #DOGE or XRP yet. The markets seem to be holding steady for now, as traders stay cautious, awaiting the SEC’s next move. It’s another bump in the road for the SEC’s streak of crypto ETF decisions, but how long will this stall last? Will this waiting period ultimately build more anticipation or lead to some market shifts? Time will tell. Stay tuned