The US Securities and Exchange Commission (SEC) has decided as to if two proposed cryptocurrency stock exchange funds (ETFs), which holds dotecoin and XRP, are to develop into green light.
The US regulatory authority has delayed its deadline for deciding on the proposed ETF listings by June. This relies on two submissions examined by cointelegraph.
The submissions were answers to March requests from US exchange NYSE Arca and CBOE BZX Exchange to list Bitwise Dogecoin (Doge) ETF and Franklin Templetons XRP (XRP) ETF.
They got here on the identical day when Nasdaq, one other US exchange, to hearken to a 21 -shares Dogecoin ETF.
According to Coingecko, Dotecoin is essentially the most traded Memecoin on the planet with a market capitalization of around 26 billion US dollars. XRP is the native token of the XRP -Ledger -Blockchain network. It has a market capitalization of around 133 billion US dollars, as Coingecko data show.
The SEC delayed its deadline for checking Franklin's XRP fund. Source: sec
Flood of the submissions
In 2025, the SEC requested inquiries to the approval of dozens of Altcoin -ETFs for US listing. By April 21, about 70 crypto ETFs were waiting for the SEC checking.
Asset managers propose funds. “[e]Very from XRP, Litecoin and Solana to penguins, Doge and 2x Melania and all the pieces in between, ”said Eric Balchunas, analist Eric Balchunas, in a contribution from April 21 on the X platform.
The flood of suggestions comes when US President Donald Trump urges the Sec to take a more accurate attitude towards cryptocurrencies.
However, analysts warn that the demand for Altcoin ETFs in comparison with funds that hold nuclear cryptocurrencies comparable to Bitcoin (BTC) and Ether (Eth) are lukewarm.
“When your coin becomes ETF-IDED, it’s like being in a band and adding your songs to all music streaming services,” said Balchunas.
“Guaranteed not listening, nevertheless it brings your music where the overwhelming majority of the listeners are.”
Although the US exchange of Krypto -Tfs includes, you furthermore may ask the SEC to take over a troublesome regulatory posture for digital assets. In a comment letter dated April 25, Nasdaq encouraged the SEC to maintain digital assets for a similar compliance standards as securities in the event that they represent “shares in response to a unique name”.
