Crypto ETF Decisions Pushed Back to Mid-June 2025
SEC Delays Decision on XRP and Dogecoin ETFs until June 2025
Here's the lowdown:
SECTION NOTICES DELAYS- The Securities and Exchange Commission (SEC) has extended the decision dates for Bitcoin-linked ETFs tracking XRP and Dogecoin to mid-June 2025.- The decision for the Bitwise Dogecoin ETF will now happen on June 15, 2025[3][4], while the Franklin XRP Fund's date moves to June 17, 2025[2][3][5].
MORE CRYPTO ETFS ON THE WAY- Amid a more crypto-friendly regulatory environment, multiple firms are filing for ETFs based on various cryptocurrencies.- Alongside Bitcoin and Ethereum ETFs, asset managers are looking to launch funds for cryptos like Solana, Litecoin, and Cardano.
NEW SEC CHAIR SUPPORTIVE OF CRYPTO- The new SEC Chair, Paul Atkins, is pro-crypto and hopes to establish a collaborative regulatory framework for digital assets.- Under Atkins, the SEC is likely to provide a more welcoming environment for crypto projects than in previous years.
REASONS BEHIND THE DELAYS- The SEC requires additional time to consider each proposal and address concerns raised during the assessment process[4][5].- The final decision timeline for most crypto ETF filings is expected in October 2025 or later[5].
THE CRYPTO MARKET IN FOCUS- Dogecoin and XRP are widely traded cryptocurrencies, with DOGE ranking as the 8th largest and XRP holding the 4th position[6].- However, whether ETFs for these assets will achieve the same success as Bitcoin ETFs remains uncertain. Ethereum ETFs, approved in 2024, have not reached the same trading volume as their Bitcoin counterparts, despite Ethereum being the second-largest cryptocurrency.
ONWARDS AND UPWARDS- On the same day as the delay announcements, Nasdaq moved forward with a proposal to list 21Shares' Dogecoin ETF, showing ongoing interest in expanding the crypto ETF market.
Investors may look into diversifying their portfolios with cryptocurrencies like Bitcoin and Ethereum, as asset managers are planning to introduce ETFs for these digital assets, along with Solana, Litecoin, and Cardano. The new SEC Chair, Paul Atkins, supports crypto and aims to create a collaborative regulatory framework, potentially contributing to a more welcoming environment for crypto projects. Delays in the approval of Bitcoin-linked ETFs tracking XRP and Dogecoin have been extended until mid-June 2025, with the final decision timeline for most crypto ETF filings expected in October 2025 or later. Despite Dogecoin and XRP being widely traded cryptocurrencies, the success of ETFs for these assets remains uncertain, as Ethereum ETFs approved in 2024 have not yet reached the same trading volume as Bitcoin ETFs.
