On Tuesday, the US Securities and Exchange Commission delayed its decision on ETFs tied to XRP and Dogecoin.
The Commission’s filings note three products in question: 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust, and are currently inviting public comment.
The SEC stated that “institution of proceedings is appropriate given the legal and policy matters raised by the proposed rule change,” adding that initiating a review “does not signal any conclusions by the Commission.”
A separate notice also postponed a decision on Bitwise’s proposal to allow staking rewards for its spot Ethereum ETF, showing the regulator will take further time to assess comments and technical details.
In recent times, the SEC has frequently delayed crypto ETF decisions to handle a large volume of similar submissions, with the ability to extend evaluations up to 240 days per application under securities law.
