Source: Cointelegraph
Original: “SEC Delays Approval of XRP and DOGE ETF Applications”
The SEC's documents show that the agency has delayed its decision on whether to approve two cryptocurrency exchange-traded funds (ETFs) that hold Dogecoin and Ripple.
According to two documents reviewed by Cointelegraph, the U.S. regulator has pushed back the deadline for the listing decisions on these two proposed ETFs to June. These documents are responses to listing applications submitted in March by the U.S. exchanges NYSE Arca and Cboe BZX Exchange—the former applied to list Bitwise's Dogecoin ETF, while the latter applied to list Franklin Templeton's Ripple ETF. On the same day, another U.S. exchange, Nasdaq, also submitted an application to list the 21Shares Dogecoin ETF.
According to CoinGecko data: Dogecoin is the largest meme coin by trading volume globally, with a market cap of approximately $26 billion as of April 29. Ripple is the native token of the XRP Ledger blockchain network, with a market cap of about $133 billion.
Wave of Applications
By 2025, the SEC has received dozens of listing applications for altcoin ETFs. As of April 21, around 70 cryptocurrency ETFs are awaiting SEC review.
Bloomberg analyst Eric Balchunas posted on platform X on April 21, stating that the ETF assets applied for by asset management companies range "from Ripple, Litecoin, Solana (SOL) to Penguins, Dogecoin, 2XMelania coin, and more."
This wave of applications comes as former U.S. President Trump urges the SEC to adopt a more inclusive stance on cryptocurrencies.
However, analysts warn that demand for altcoin ETFs may be relatively lukewarm compared to mainstream cryptocurrency ETFs like Bitcoin (BTC) and Ethereum (ETH).
Balchunas likened it to "getting your token ETF'd is like getting your band's work on all music streaming platforms—while it doesn't guarantee play counts, it allows your music to reach the vast majority of listeners."
Despite U.S. exchanges actively embracing cryptocurrency ETFs, they also call for the SEC to impose strict regulations on digital assets. Nasdaq argued in a letter on April 25 that if a digital asset is essentially "a security in disguise," it should be subject to the same compliance standards as securities.
Related: Indian High Court Orders Ban on Proton Mail Services
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
