Dogecoin and XRP ETF Decisions Await SEC’s Postponement

SEC Delays Decisions on XRP and Dogecoin ETFs as Review Periods Extend

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the approval of exchange-traded funds (ETFs) for XRP (XRP) and Dogecoin (DOGE), in line with market expectations.

In separate filings, the SEC revealed that it will push back the decision deadlines for the Bitwise DOGE ETF to June 15 and for the Franklin XRP Fund to June 17.

The SEC is legally required to make a ruling within 45 days of announcing a proposed rule change, either approving, rejecting, or starting a review process to determine whether the proposal should be rejected. However, this 45-day period can be extended to 90 days if more time is deemed necessary for further evaluation.

“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the SEC stated in its filings.

James Seyffart, an analyst at Bloomberg Intelligence, commented on X, noting that such delays are common as the final deadlines for most ETF filings are typically set for October or later.

Meanwhile, the prices of XRP and DOGE have remained largely unchanged in the last 24 hours, moving in tandem with the relatively flat performance of Bitcoin.