SEC Delays Decisions on Dogecoin and XRP ETFs Amid Growing Interest in Crypto Funds

The U.S. Securities and Exchange Commission (SEC) has postponed decisions on two high-profile cryptocurrency exchange-traded funds (ETFs) that aim to track Dogecoin and XRP, citing the need for additional time to evaluate the proposals.

In filings published Tuesday, the SEC announced it will delay its ruling on the Bitwise Dogecoin ETF until June 15 and the Franklin Templeton XRP Fund until June 17. The agency stated that the extensions are necessary to provide "sufficient time to consider the proposed rule change and the issues raised therein."

This development comes as the SEC faces a growing list of ETF applications from asset managers eager to capitalize on increasing investor appetite for crypto-based products. In recent months, the regulator has seen a surge of filings following a regulatory pivot, including approvals for spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs in July—both seen as landmark milestones for the industry.

Now, the Commission is juggling a wave of new filings, including ETFs tied to Solana, XRP, and Dogecoin. Nasdaq also joined the movement this week, submitting a proposal to list the 21Shares Dogecoin ETF.

The delays coincide with broader regulatory shifts under new SEC Chair Paul Atkins. A known crypto advocate, Atkins recently expressed optimism about digital assets, saying he foresees "huge benefits" from blockchain-based innovation. He also emphasized plans to collaborate with lawmakers to establish a clear, long-term regulatory framework for cryptocurrencies.

Notably, since President Donald Trump returned to office, the SEC has dropped several lawsuits against crypto firms and reengaged with the industry through public roundtables—moves that suggest a more constructive approach to crypto regulation.

In a separate filing on Tuesday, the SEC also delayed decisions related to staking for the Franklin Ethereum ETF (now expected June 16), as well as decisions on the Grayscale Hedera Trust and the Franklin Crypto Index ETF.

Commenting on the wave of delays, Bloomberg Intelligence ETF analyst James Seyffart wrote on X (formerly Twitter), “This is expected IMO. Final deadlines for most of this stuff is in October 2025 or later.”