The SEC, or the U.S. Securities and Exchange Commission, has postponed the decision on XRP and Dogecoin ETFs. This decision signals a cautious regulatory stance towards altcoins before any major regulatory laws are passed. 21Shares submitted the filings for XRP ETF while Grayscale Investments submitted the filing for Dogecoin.

These are now on hold as the SEC has asked to take more time to assess their compliance with investor protection standards outlined in the Securities Exchange Act. The deadline for the ruling has been set back to mid-June.

SEC Delays Ruling on Dogecoin and XRP ETFs

The current decision to delay the ruling is not an outright rejection. The delay reflects the SEC’s approach to crypto-based financial products beyond Ethereum and Bitcoin. The XRP ETF was first proposed back in February 2025. The XRP ETF is designed to provide institutional investors access to Ripple’s token through the Cboe BZX Exchange. On the other hand, Grayscale’s Dogecoin ETF request builds on its existing DOGE Trust, which is part of its broader strategy to diversify its crypto ETF offerings.

This is not the first instance of the SEC extending its review period for such complex products. The SEC announced a similar delay for the proposed Solana ETF by Bitwise and 21Shares. Market analysts are calling these actions consistent with the SEC’s historical regulatory approach.

An ETF analyst at Bloomberg said, “Delays like this are routine, especially with altcoins. The SEC often takes full advantage of the review period allowed under its rules.”

Despite the regulatory uncertainty, market sentiment has shown slight optimism. XRP rose 1.66% in the past 24 hours to $2.355, while Dogecoin gained 0.75%, trading at $0.2264, according to CoinMarketCap. All eyes are now on the new SEC Chair, Paul Atkins, whose tenure has been marked by a more progressive outlook on digital assets. His influence and decisions are now critical in determining the future of altcoin-based ETFs.

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