$XRP The SEC is seeking public opinion. After delaying Bitwise and Franklin Templeton's XRP and DOGE ETFs on April 30, 2025, the Securities and Exchange Commission (SEC) announced that it would open a public consultation period for three other crypto ETFs. These are the XRP ETFs of 21Shares and Grayscale as well as the DOGE ETF of Grayscale. Investors are invited to give their views on these financial products. This consultation could influence the final decision of the SEC, which has yet to approve or reject these ETFs. In the meantime, markets remain uncertain.
The key points of this article:
The SEC has opened a public consultation for Grayscale and 21Shares' XRP and DOGE ETFs, seeking public advice on these financial products.
This consultation could influence the SEC's final decision, which is crucial for the future of cryptocurrencies in the traditional financial market.
SEC opens public consultation for XRP and DOGE ETFs
The SEC has opened a public consultation period for 21Shares and Grayscale's XRP ETFs, as well as Grayscale's DOGE ETFs. This means that the regulator wants to seek public opinion before making a final decision on these exchange-traded funds.
Public consultation is a crucial step in the ETF approval process. It allows the SEC to better understand the potential risks and benefits of these financial products. The public now has the opportunity to submit their comments and concerns.
A decision eagerly awaited by investors
The opening of this public consultation further delays the SEC's decision. Investors were expecting a faster response, but it seems that the regulator prefers to take its time.
The SEC said it wanted to take a closer look at the market implications of these ETFs. The regulator wants to ensure that these products do not pose excessive risks to investors.
#Xrp🔥🔥 XRP and DOGE ETFs are particularly monitored as they could pave the way for other crypto ETFs. An SEC approval would be a strong signal to the market that cryptocurrencies are ready to enter the traditional financial world.
The public consultation remains open for several weeks. Investors can submit their comments via the SEC's website. The regulator will then review these comments before making a final decision.
If the SEC approves these ETFs, this could lead to a significant increase in XRP and DOGE prices. On the other hand, a rejection could have the opposite effect, causing prices to fall.
The SEC continues to play the clock on crypto ETFs, leaving investors in limbo. The opening of a public consultation for the XRP and DOGE ETFs shows that the regulator is taking its role seriously. However, this also means that the final decision may still take some time. In the meantime, the market remains on hold, ready to react to any announcement by the SEC.
