The U.S. Securities and Exchange Commission (SEC) has postponed its decision on XRP and Dogecoin ETF applications submitted by 21Shares and Grayscale.
The Commission stated that the filings raise significant legal and policy issues, prompting the initiation of a public comment period before any final ruling is made.
In addition, the SEC has also delayed its decision on Bitwise’s Ethereum ETF, specifically concerning the staking component. Analysts, referencing the SEC’s past patterns, suggest that an early approval is unlikely. Bloomberg ETF analyst James Seyffart noted that a decision could come as early as late summer, but fall is a more probable timeline.
