SEC Postpones Decisions on DOGE and XRP ETF Applications

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On Tuesday, the US Securities and Exchange Commission delayed its rulings on exchange-traded funds connected to XRP and Dogecoin.

The agency’s filings highlight three impacted products: 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust. The SEC is now seeking public input on these proposals.

The SEC stated that “the institution of proceedings is appropriate at this time considering the legal and policy questions raised by the proposed rule change,” emphasizing that opening a review “does not mean the Commission has reached any conclusions.”

A separate notice delayed Bitwise’s proposal to allow its planned spot Ethereum ETF to earn staking rewards, indicating the regulator will take additional time to evaluate public comments and technical specifics.

Recently, the SEC has frequently extended deadlines on crypto-linked ETFs while reviewing numerous similar submissions. Securities law allows the commission to extend the decision-making process for up to 240 days per application.