SEC Delays Spot XRP and Dogecoin ETF Decisions

Key Points:

• SEC postpones decisions on XRP and Dogecoin ETFs.
• Franklin Templeton's significant involvement (approximately $1.5 trillion in assets under management).
• Review extended to October 2025.

SEC Delays Decisions on Spot XRP and Dogecoin ETFs

The Securities and Exchange Commission (SEC) has delayed its decisions on proposed exchange-traded funds (ETFs) for XRP and Dogecoin until mid-June 2025. This latest development adds another layer of complexity to the evolving landscape of cryptocurrency regulation. Key applicants involved include Franklin Templeton and the Cboe BZX Exchange.

These postponements could influence institutional investment in cryptocurrency ETFs, potentially impacting market dynamics and investor behavior.

According to James Seyffart of Bloomberg Intelligence, the delays are anticipated, aligning with the SEC's typical review process. While XRP and DOGE prices have remained relatively stable, the extended timeline may shift institutional interest. This follows a similar pattern observed with previous ETF applications for Bitcoin and Ethereum. The SEC's extended evaluation period now pushes the potential approval date to October 2025, potentially leading to increased scrutiny of cryptocurrency fund management practices.

Seyffart notes, "These delays are par for the course and don't necessarily imply rejection, but rather represent part of the SEC's internal process."

Analyst consensus suggests the delays are procedural, reflecting the SEC's established guidelines for comprehensive review. The industry awaits the long-term implications of the SEC's reassessment of the growing number of cryptocurrency proposals. Market participants are closely monitoring developments as the SEC weighs decisions with potentially significant market-wide consequences.