{"id":27960,"date":"2025-05-21T19:32:48","date_gmt":"2025-05-21T19:32:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27960"},"modified":"2025-05-21T19:32:48","modified_gmt":"2025-05-21T19:32:48","slug":"sec-stalls-spot-xrp-and-dogecoin-etfs-no-fast-track-for-crypto-yet","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27960","title":{"rendered":"SEC Stalls Spot XRP And Dogecoin ETFs\u2014No Fast-Track For Crypto Yet"},"content":{"rendered":"
\n

The US Securities and Exchange Commission (SEC) has hit the brakes on four closely watched crypto\u2010exchange-traded product filings, instituting formal proceedings on spot XRP and Dogecoin exchange traded funds (ETFs) and extending its review of an Ethereum staking amendment.<\/p>\n

SEC Delays XRP And Dogecoin ETFs<\/h2>\n

Orders published late on May 20 designate longer periods for the 21Shares Core XRP Trust (Release No. 34-103080), the Grayscale XRP Trust (34-103090), and the Grayscale Dogecoin Trust (34-103079), while a separate notice (34-103086) defers action on Bitwise\u2019s proposal to permit staking<\/a> in its already-delayed Ethereum ETF. Each order invites public comment and makes clear that \u201cinstitution of proceedings does not indicate that the Commission has reached any conclusions.\u201d<\/p>\n

Under Section 19(b)(2)(B) of the Exchange Act, the Commission now has up to 240 days from the original filing dates\u2014placing the final deadlines for these products in early October\u2014to approve or disapprove the rule changes. Commenters will have 21 days after Federal Register publication to submit briefs, and 35 days to file rebuttals. The agency says the extended period is needed to assess whether the proposed structures are \u201cdesigned to prevent fraudulent and manipulative acts and practices\u201d and to weigh investor-protection considerations.<\/p>\n

Bloomberg Intelligence ETF analyst James Seyffart framed<\/a> the delay as routine rather than restrictive. \u201cDELAYS on Ether ETF staking for Bitwise and on Grayscale\u2019s XRP ETF filing. Both expected IMO,\u201d he wrote on X, adding that the SEC \u201ctypically takes the full time to respond to a 19b-4 filing\u201d and that early approvals, if any, \u201cwouldn\u2019t arrive before late June or early July at the absolute earliest.\u201d When asked whether the Litecoin ETF<\/a> was likely to remain in limbo as well, Seyffart replied, \u201cYes, I think that\u2019s most likely, but I also think Litecoin is one that has a higher likelihood vs others of getting approved first.\u201d<\/p>\n

Nate Geraci, president of The ETF Store, echoed<\/a> that assessment. \u201cSEC delays several decisions today on spot xrp & doge ETFs, along w\/ staking in eth ETFs\u2026 Nothing to see here IMO. Still think all will be approved,\u201d he posted via X, cautioning that clarity from the Internal Revenue Service on the tax treatment of staking rewards inside grantor trusts remains an outstanding issue. Geraci had already flagged rising institutional demand the previous day, noting that \u201cCME-traded XRP futures are now live\u2026 Spot XRP ETFs only a matter of time.\u201d<\/p>\n

CME Group\u2019s launch of standard and micro XRP futures on May 19 gives market participants their first CFTC-regulated venue for leveraged exposure to the token, expanding a crypto derivatives suite that already includes Bitcoin, Ether and Solana<\/a> contracts. Early volumes were modest\u2014roughly $1.5 million on debut\u2014but analysts say the reference-rate infrastructure these futures require will be central to any surveillance-sharing agreements the SEC demands for spot products.<\/p>\n

Ultimately the calendar is now clear. Barring an unlikely early approval, the comment cycles will run into mid-summer, pushing any definitive Commission vote on XRP, Dogecoin or ETH-staking structures into the fourth quarter. \u201cIf we\u2019re gonna see early approvals from the SEC on any of these assets \u2014 I wouldn\u2019t expect to see them until late June or early July at absolute earliest. More likely to be in early 4Q,\u201d Seyffart writes.<\/p>\n

At press time, XRP traded at $2.37.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

The US Securities and Exchange Commission (SEC) has hit the brakes on four closely watched crypto\u2010exchange-traded product filings, instituting formal proceedings on spot XRP and Dogecoin exchange traded funds (ETFs) and extending its review of an Ethereum staking amendment. SEC Delays XRP And Dogecoin ETFs Orders published late on May 20 designate longer periods for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27960","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27960"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27960\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}