SEC Punts on Dogecoin and XRP ETF Approvals
Summary
The SEC has postponed decisions on altcoin spot ETFs for Dogecoin and XRP until mid-June. Asset managers like Bitwise and Franklin Templeton are seeking approval for these ETFs following the success of Bitcoin ETFs. Firms such as Grayscale and CoinShares have also filed for crypto ETFs based on Solana, Litecoin, and Cardano. Despite Dogecoin and XRP's popularity, with DOGE as the eighth-largest and XRP as the fourth-largest cryptocurrency by market cap, the success of these ETFs remains uncertain. Ethereum-based investment vehicles approved last year have not matched Bitcoin's trading activity.
