XRP news today: SEC Delays XRP, Dogecoin ETF Decisions Until June 2025

The Securities and Exchange Commission (SEC) has announced a significant delay in its decisions regarding the approval of exchange-traded funds (ETFs) tracking XRP and Dogecoin. The new deadlines for these decisions are set for mid-June 2025. Specifically, the Bitwise Dogecoin ETF decision has been moved to June 15, while the Franklin XRP Fund decision is now scheduled for June 17. This delay was announced in filings made on Tuesday, citing the need for more time to consider the proposed rule changes and the issues raised therein.

The SEC's decision to extend the review period aligns with current regulations, which allow for an initial 45-day period for the Commission to either approve, reject, or begin a process to determine if a proposed rule change should be rejected. This period can be extended up to 90 days if additional time is required for review. The delays are in line with expert expectations, as most ETF filings have final deadlines set for October 2025 or later.

These delays come at a time when there is a surge in crypto ETF applications, following the successful launch of Bitcoin ETFs in January 2024 and Ethereum ETFs in July of the same year. Many asset managers are now pursuing approval for funds based on other cryptocurrencies, including Solana, Litecoin, and Cardano. The current regulatory climate appears more favorable to crypto developments than in previous years. Since the new administration took office in January 2025, the SEC has dropped several lawsuits against crypto firms and has organized public roundtables to discuss regulatory approaches for the industry.

The new SEC Chair, Paul Atkins, is widely viewed as crypto-friendly. During his first public remarks last week, Atkins expressed optimism about digital assets, stating he anticipates “huge benefits” from them and plans to collaborate with lawmakers to create a comprehensive regulatory framework. This marks a clear shift from the previous administration’s approach, which had approved spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs in July 2024, but only after facing pressure from court rulings, particularly one resulting from Grayscale’s legal challenge.

The SEC’s delay also affected decisions on other crypto-related proposals. The agency postponed its deadline for deciding whether to allow staking for Franklin’s Ethereum ETF to June 16. It also delayed decisions on whether to permit trading and listing for the Grayscale Hedera Trust and whether to allow staking for the Franklin Crypto Index ETF. Despite their popularity, it remains uncertain whether ETFs for these assets will achieve the same level of success as Bitcoin ETFs. Ethereum ETFs, approved in 2024, have not generated the same trading volume as their Bitcoin counterparts, despite Ethereum being the second-largest cryptocurrency.

On the same day as the delay announcements, Nasdaq submitted a proposal to list 21Shares’ Dogecoin ETF, showing continued interest from exchanges and asset managers in expanding the crypto ETF ecosystem. As the SEC continues its review process, the crypto industry watches closely for signals about the regulatory path forward under the new administration.