Sec Delay: Decision On Xrp And Dogecoin ETFs Remains Tense!

The US Securities and Exchange Commission (SEC) has decided to postpone the decision on an XRP spot ETF again. This time it concerns the application of 21Shares. The requests of asset manager Grayscale for a Spot Dogecoin (DOGE) ETF also remain on hold for the time being.

SEC presses pause button

The SEC has indicated that it needs more time to determine whether the proposed funds meet legal requirements, including rules that ensure investor protection and prevent abuses such as market manipulation.

Important to emphasize: this is not a rejection, but a procedural delay. The applications will therefore continue to be considered.

Franklin Templeton’s application for a Spot XRP ETF had also been postponed earlier. It has now become clear that both this application and that of 21Shares will be assessed at the same time. Mark your calendar for June 17, it promises to be a crucial day for XRP investors!

Altcoin ETFs on the Rise

The postponement of the XRP and Dogecoin ETFs fits into a broader movement. For example, the Solana (SOL) Grayscale ETF application delayed until October 2025. The application is part of a growing list of altcoin funds currently under scrutiny by the regulator.

Bitwise, VanEck and Canary Capital have also filed applications for Solana funds. In addition, ETF proposals are pending for Litecoin (LTC), Polkadot (DOT) and even Sui (SUI) seems to be attracting attention from major investment parties.

The amount of capital that could potentially flow into these funds is enormous, so altcoin investors have a bright future ahead of them.

With multiple deadlines in June, it’s likely that one of the altcoins will soon receive the coveted approval. But which coin will ultimately get the honor of being the third Spot crypto ETF to hit the US market? That’s the big question on everyone’s minds.

Frequently Asked Questions

Is SEC's decision on XRP and DOGE expected soon?
The decision is expected on June 17, an important date for many investors.

Why is the postponement not a rejection?
The postponement means that the applications are still being considered and have not been definitively rejected.

Which other altcoins qualify for an ETF?
In addition to XRP and DOGE, applications have also been filed for Solana, Litecoin, Polkadot, and possibly Sui.

“Stay curious and motivated; the world of crypto still offers plenty of surprises!”