SEC likely to acknowledge XRP, DOGE ETF filings this week: Expert
The U.S. Securities and Exchange Commission could acknowledge the spot exchange-traded fund filing for XRP and Dogecoin as soon as this week.
SEC’s latest major move was the acknowledgement of the amended Solana ( SOL ) ETF application by Grayscale. The agency ticked on this milestone on Feb. 6, and now Bloomberg ETF analyst James Seyffart says amended filings for XRP ( XRP ) and Dogecoin ( DOGE ) ETFs could be next.
Seyffart and his colleague Eric Balchunas now have the odds of a spot Litecoin ( LTC ) ETF and Solana ETF approval at 90% and 70% respectively. The SEC has acknowledged Form 19b-4 for both cryptocurrencies, and the countdown to the final deadline is Oct. 2 and Oct. 25 for LTC and SOL respectively.
But that’s not all. With anticipation across the crypto market high in the post-Gary Gensler era, the two ETF experts are also putting odds of XRP and DOGE ETFs getting approved at 65% and 70%.
Seyffart noted in a post on X on Feb. 10 that applications for spot ETFs on the Ripple cryptocurrency and the top meme coin could get a SEC acknowledgement nod this week.
Cboe BZX filed S-1 forms for XRP ETFs for Canary Capital, WisdomTree, 21Shares, and Bitwise. Meanwhile, there are also S-1 filings for Dogecoin ETFs by Grayscale and Bitwise. The analysts expect forms 19b-4 to get a nod on Feb. 13 and 14 in that order.
As for final approval, the analysts see the SEC as well as Commissioner Hester Peirce’s crypto task force will provide a path to much needed regulatory clarity by the end of 2025. One of this is the “untangling” of the question of security vs. commodity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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