The Grayscale Investment’s Dogecoin ETF application is still under review by the US Securities and Exchange Commission (SEC). Another 70+ altcoin ETFs, including $DOGE , $XRP , $SOL , Litecoin, and others, are awaiting the SEC’s decision.
It is a significant event, eyed by global investors due to the impressive performance of the spot Bitcoin and Ethereum ETFs launched last year, gaining millions in netflows daily.
Spot XRP and Dogecoin ETF Delayed
The US SEC is taking additional time to evaluate these exchange-traded funds, resulting in delays in DOGE and XRP ETFs. Grayscale filed the spot Dogecoin ETF in March 2025 after its Trust launch in January. However, even after months, the SEC has not commented on the filing and is under review.
Although delays are tiring for investors, it is an important step that ensures compliance with Section 6(b)(5) of the Exchange Act. For the same reasons, the Bitcoin ETF took time before launch, but the result turned fruitful as it witnessed billions in inflows and boosted the Bitcoin price.
Now the next date for the decision is June, where a positive response could result in the approval.
“The Commission is instituting proceedings to allow for additional analysis to determine if ETFs meet rules’ designed to prevent fraudulent and manipulative acts and practices’ and ‘to protect investors,” reads SEC filings.
When Will the SEC Say Yes to Dogecoin ETF?
Although the SEC has delayed their decision to June, this does not imply that they will approve it then. The SEC filings clearly note this and explain that the delay is for the additional analysis.
The Polymarket odds for the DOGE ETF approval before the end of July stand at just 15% and are down 7% in the last 24 hours. However, the odds in 2025 are at 63%, showcasing that investor trust is higher in later months of 2025.
Additionally, the Bloomberg analysts have shared similar predictions. In a recent X post, James Seyffart has claimed that there’s no conspiracy behind these delays and it’s just the SEC’s standard process.
He revealed that the SEC takes time to respond to 19b-4 filings, and all these exchange-traded fund filings have due dates in October and have nothing to do with the SEC’s friendliness.
The SEC typically takes the full time to respond to a 19b-4 filing. Almost all of these filings have final due dates in October. Early decisions would be the action that’s out of the norm. No matter how “Crypto-friendly” this SEC is. There’s no conspiracy here.
Many others acknowledge the same, considering the constant delays for decisions on Dogecoin ETF filings. Recently, the SEC delayed its decision on the Solana ETF proposal from various issuers.