SEC Delays Decisions on XRP and Dogecoin ETFs, Extends Review Periods
The U.S. Securities and Exchange Commission (SEC) has postponed its decisions on the approval of exchange-traded funds (ETFs) for XRP (XRP) and Dogecoin (DOGE), in line with analyst expectations.
The SEC revealed that it would delay the decision process until June 15 for the Bitwise DOGE ETF and June 17 for the Franklin XRP Fund, as noted in separate filings.
Under SEC regulations, the commission has a 45-day window from the announcement of a proposed rule change to either approve, reject, or initiate a process to determine if the change should be rejected. However, this 45-day review period can be extended to 90 days if additional time is necessary.
“The Commission finds it appropriate to designate a longer period to take action on the proposed rule change so that it has ample time to evaluate the proposed rule change and the concerns raised,” the SEC explained in its filings.
Bloomberg Intelligence analyst James Seyffart shared on X that such delays are common, as final deadlines for most ETF filings typically fall in October or later.
Despite the delay, XRP and DOGE prices have remained relatively unchanged over the past 24 hours, mirroring Bitcoin’s stable price action.
