XRP ETFS applications delayed by US compress

The US Securities and Exchange Commission (SEC) has delayed Dogecoin and XRP ETF applications from Grayscale Investments and 21Shares respectively. The decision follows a pattern of delayed delays declared earlier this month as the Commission wants extra time to decide on unconventional asset push. While this delay is not a lump sum denial, it connects the growing speculation on the ETF for both assets.

Dogecoin and XRP ETFS capacity

According to the regulator of the markets, instead of the deadline slate on 21-22 May, the requirements have been met whether the proposals have been met for the Exchange Act Section 6 (B) (5) to prevent fraud and safety of investors.

In February, 21Shares were filed for the XRP ETF product, adding their lineup of crypto ETF filing in the United States. The objective of this product is to trading on the CBOE BZX exchange and wants to offer indirect risk to institutional investors for top coins.

Like 21Shares, Grayscale Investment filed for the Spot Dogecoin ETF product in January after an initial Doge Trust. US Sec Doge ETF Accepted Filing In March, set it to the official approval window.

After the latest delay, the regulator planned to take its decision on the XRP ETF on 17 June this year. A similar decision was unveiled.

It is worth noting that despite these delays, the value approach of both altcoins has not slipped. As a writing, XRP was changing hands for $ 2.355, up to 1.66% in 24 hours. Coinmarketcap’s data increased the price of dogcoin with an increase of 0.75% in $ 0.2264.

Although both coins are subject to the instability of the current market, they can play a role in the coming Altcoin season. The possibility of their approval by the US SEC is a major catalyst to see for both coins.

Crypto ETF approval barriers

Earlier this week, Markets Regulator delayed its decision Solana ETF Application from bitwaiz and 21shares. The move confirmed that the Commission was not targeting a single property.

Commenting on this trend, Bloomberg’s senior ETF analyst James Safart said that delay on these products is common. Despite the nearest timeline for some XRP approval, he said that an initial approval would be considered around June.

Spot Crypto ETF is expected to delay. A bunch of XRP ETP has dates in the next few days.

If we are going to see initial approval from SEC on any of these assets – I will not expect them to look at them as soon as possible by the end of June or by early July. More 4Qs are likely to be at the beginning.

– James Safart (@jseyff) May 20, 2025

Analysts stated that SEC usually takes full time to review and respond to 19 B -4 related to ETF filing. Despite the fact that bitcoin and atherium ETF products have been running over a year, Altcoin ETF requires careful consideration before approval.

However, since Paul Atkins confirmation As the chairman of SEC, the confidence of approval has been improved based on his further thinking nature.