The U.S. Securities and Exchange Commission has postponed its decisions on the proposed XRP and Dogecoin ETFs, extending the deadlines to June 2025, reflecting the need for further evaluation.
This delay highlights increasing institutional interest in cryptocurrency-backed financial products, with potential implications for market dynamics and asset valuation.
XRP and Dogecoin ETF Decisions Deferred to 2025
The U.S. SEC has deferred decisions on the proposed XRP and Dogecoin ETFs, citing additional evaluation requirements. The new deadlines are set for June 17, 2025, for XRP and June 15 for Dogecoin. A relevant comment from Eleanor Terrett brings further attention to the Franklin Templeton filing for the XRP ETF via the Cboe BZX Exchange: “🚨NEW: The SECGov has delayed making a decision on Franklin Templeton’s $XRP spot ETF until June 17.” Source.
Franklin Templeton filed for the XRP ETF via the Cboe BZX Exchange, while Bitwise sought a Dogecoin ETF. Nasdaq’s involvement indicates growing institutional interest in these assets as investment tools.
Market Responds to SEC’s ETF Decision Delay
The SEC’s delay has caused increased speculation and investor focus on XRP and Dogecoin. Markets are reacting with significant asset price movements, reflecting optimism despite regulatory uncertainties.
The potential financial impact includes institutional capital inflows if approvals are granted. Historical trends suggest approved ETFs often lead to liquidity growth and asset price increases across similar product launches.
Past ETF Approvals Suggest Positive Outcomes
Past ETF approvals, like those for Bitcoin and Ethereum, led to immediate market growth and adoption. These precedents suggest potential positive outcomes for XRP and Dogecoin if approved.
Experts from Kanalcoin foresee similar results if SEC approvals are granted, potentially increasing institutional investments and boosting market confidence, aligning with historical ETF impacts on asset valuations.
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