The US Securities and Exchange Commission (SECV) has delayed its verdict on two altcoin-based exchange-traded funds (ETFs).

美国证券交易委员会（SECV）推迟了对两项基于Altcoin的交易所交易基金（ETF）的判决。

What Happened: The regulator has extended its review of a proposed Dogecoin ETF from Bitwise and an XRP ETF from Franklin Templeton until June 2025, according to filings on Wednesday. The filings, which are responses to March requests from NYSE Arca and Cboe BZX Exchange, respectively, saw the SEC defer a final decision on both ETFs.

发生了什么：根据周三的文件，监管机构已将对拟议的Dogecoin ETF的审查从Bitwise和Franklin Templeton的XRP ETF扩展到2025年6月。这些文件分别是对NYSE ARCA和CBOE BZX Exchange的三月请求的回应，分别看到SEC推迟了对这两个ETF的最终决定。

The agency did not provide a specific reason for the extension, which falls under its routine extension authority. The deferral comes as Nasdaq submitted a separate request to list a 21Shares Dogecoin ETF.

该机构没有提供特定的延期理由，该扩展名属于其常规扩展机构。延期是纳斯达克提交单独的请求以列出21shares dogecoin etf的要求。

This brings three major exchange proposals involving altcoin ETFs into the spotlight within a short period.

这将涉及Altcoin ETF的三项主要交换提案在短时间内引起了人们的关注。

Why It Matters: The proposed Bitwise ETF, which would hold Dogecoin, is applying to list on the NYSE Arca exchange. Meanwhile, the proposed Franklin Templeton ETF, which would hold XRP, is applying for listing on the Cboe BZX Exchange.

为什么重要的是：拟议中的dogecoin的拟议位ETF正在申请NYSE ARCA Exchange上的列表。同时，拟议的富兰克林·邓普顿（Franklin Templeton）ETF（将持有XRP）申请在CBOE BZX交易所上市。

These ETFs aim to provide investors with convenient and accessible avenues to invest in altcoins through traditional financial channels.

这些ETF旨在为投资者提供方便且可访问的途径，以通过传统的金融渠道投资Altcoins。

The filings follow the earlier approval of Bitcoin and Ethereum ETFs, which are already trading on US exchanges.

这些文件遵循比特币和以太坊ETF的早期批准，这些比特币和以太坊ETF已经在美国交易所进行交易。

The Dogecoin and XRP ETF applications are part of a broader wave of crypto fund applications.

Dogecoin和XRP ETF应用是更广泛的加密基金应用浪潮的一部分。

As of April 29, Dogecoin (DOGE) had a market capitalization of about $26 billion and XRP, the native token of the XRP Ledger, was valued at approximately $133 billion, according to CoinGecko.

据Coingecko称，截至4月29日，Dogecoin（Doge）的市值约为260亿美元，XRP Ledger的本地令牌XRP的价值约为1330亿美元。

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These ETFs would allow investors to gain exposure to Dogecoin and XRP through traditional financial channels. The filings follow earlier ETF approvals tied to Bitcoin and Ethereum, which are already trading on US exchanges.

这些ETF将允许投资者通过传统的财务渠道获得对Dogecoin和XRP的接触。这些文件遵循与比特币和以太坊相关的ETF批准，这些ETF已经在美国交易所进行交易。

The Dogecoin ETF and XRP ETF applications reflect asset managers’ efforts to diversify crypto-linked products while navigating regulatory review. No final decision has been issued yet for either fund.

Dogecoin ETF和XRP ETF应用程序反映了资产管理人员在浏览监管审查的同时为多样化的加密产品多样化的努力。尚未针对任何一个基金发布最终决定。

The SEC has also received a growing number of crypto ETF filings in 2025. By April 21, approximately 70 applications were pending, including proposals for ETFs holding XRP, Solana, Litecoin, Dogecoin, and lesser-known tokens such as Penguins and 2x Melania.

SEC在2025年还收到了越来越多的加密ETF申请。到4月21日，大约有70份申请，包括持有XRP，Solana，Litecoin，Dogecoin的ETF的提案，以及较鲜为人知的代币，例如企鹅和2x Melania。

Issuers are now filing ETFs for “everything from XRP… to Doge and everything in between,” said Eric Balchunas, a senior ETF analyst at Bloomberg, in a post on X.

发行人现在正在向彭博社高级ETF分析师埃里克·巴尔库纳斯（Eric Balchunas）在X上发表的帖子中提交“从XRP…到Doge以及两者之间的所有内容”的ETF。

According to Balchunas, getting an ETF does not ensure investor inflows but places the asset “where the vast majority of the listeners are.”

根据Balchunas的说法，获得ETF并不能确保投资者流入，而是将资产放在“绝大多数听众所在的地方”。

These filings follow increasing political attention toward crypto regulation. President Donald Trump has publicly supported reducing restrictions on digital assets, which has coincided with more ETF proposals reaching US regulators.

这些文件遵循对加密监管的越来越多的政治关注。唐纳德·特朗普（Donald Trump）总统公开支持减少对数字资产的限制，这与更多的ETF提议联系到美国监管机构。

While Nasdaq supports the expansion of crypto ETFs, it also wants stronger compliance standards. In a comment letter dated April 25, the exchange urged the SEC to apply the same rules to digital assets that apply to traditional securities.

尽管纳斯达克支持加密ETF的扩展，但它也需要更强的合规性标准。在4月25日的评论信中，交易所敦促SEC将相同的规则应用于适用于传统证券的数字资产。

If a crypto asset operates as a security, it should be regulated as one, stated Nasdaq’s letter. The exchange stressed that maintaining consistent oversight is key to protecting market stability and investor trust.

纳斯达克的信中指出，如果加密资产作为安全性运行，则应将其作为安全性。交流强调，保持一致的监督是保护市场稳定和投资者信任的关键。

This request for clearer rules comes as exchanges continue to file listings such as the Dogecoin ETF and XRP ETF. With more altcoin ETFs pending, market participants await the SEC’s next round of decisions in June.

此要求更清晰的规则随着交易所继续提交列表（例如Dogecoin ETF和XRP ETF）的申请。随着更多的Altcoin ETF待处理，市场参与者在6月等待SEC的下一轮决定。

Now Read: Trump Wants To Open Up US To Bitcoin And Crypto Banking, Plans To Announce In August: Report

现在阅读：特朗普想向比特币和加密银行开放我们，计划在八月份宣布：报告

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