SEC Extends Review Period for Dogecoin and XRP ETF Applications

The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that it would extend the decision deadlines for the approval of ETFs for both Dogecoin (DOGE) and XRP (XRP), delaying the final verdicts on the two funds.

According to the latest filings, the SEC has set new decision deadlines for the Bitwise Dogecoin ETF on June 15 and for the Franklin XRP Fund on June 17, marking an additional period of review for both applications.

The SEC typically has 45 days to approve or reject proposed rule changes, though this can be extended by up to 90 days if further evaluation is required. The commission’s filings indicated that the delay was necessary to allow ample time for thorough consideration of the rule changes and associated issues.

James Seyffart, an analyst at Bloomberg Intelligence, emphasized that such delays are routine in the ETF approval process. He noted that most ETF applications generally face extended timelines, with final rulings often stretching into the fall months.

Despite the delay, the prices of both Dogecoin and XRP have remained relatively steady, showing minimal movement over the last 24 hours in line with broader market trends.