The SEC has again postponed decisions regarding the Franklin Templeton XRP and Bitwise Dogecoin ETF applications, extending review periods until June 2025 in Washington, D.C.
This postponement highlights ongoing regulatory caution in cryptocurrency ETFs, affecting investor sentiment and market stability. Despite delays, XRP and DOGE prices show little change.
SEC Extends XRP and DOGE ETF Reviews to 2025
The SEC has delayed its decision on two cryptocurrency ETFs, XRP and DOGE, filed by Franklin Templeton and Bitwise. These delays extend regulatory review periods to June 2025, following typical procedural timelines.
Key entities include the U.S. SEC, Franklin Templeton, and Bitwise. Franklin’s XRP application went through the Cboe BZX Exchange, with both firms anticipating prolonged review durations previously seen.
Market Stability Amid SEC Decision Delays
The financial markets have shown minimal movement, with XRP and DOGE prices stable amid anticipated delays. Investor expectations reflect a typical regulatory approach, as indicated by unchanged market prices.
These postponements continue a trend of extended SEC reviews. Historical data suggest patterns of delays, with industry analysts anticipating broader implications for related crypto ETF applications, including potential market volatility.
Consistent SEC Patterns in ETF Approvals
The SEC’s postponements, echoing past ETF application reviews, align with historical instances of delayed crypto ETF approvals. These regulatory patterns underscore consistent evaluative procedures within the Securities Exchange Act of 1934.
Bloomberg’s James Seyffart emphasizes typical regulatory processes, indicating these delays are expected. Similar cases suggest outcomes may align with previous SEC decisions, impacting future cryptocurrency ETF proposals.
James Seyffart, Analyst, Bloomberg Intelligence, – “We also had the SEC delay decisions on Ethereum Staking and Dogecoin ETFs today. I am expecting more delays today or at least this week on some Solana and Hedera/HBAR ETF filings. This is expected IMO. Final deadlines for most of this stuff is in October 2025 or later.”
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