Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
Coinpaprika 2025-02-14 08:22:46

SEC Reviews Grayscale’s XRP and DOGE ETFs, But No Approval Yet

SEC Reviews Grayscale’s XRP and DOGE ETFs, But No Approval Yet

The SEC has acknowledged Grayscale’s filings for XRP and Dogecoin ETFs, but this does not mean approval. Instead, the regulator is seeking public comments before making a final decision. The acknowledgment, however, signals potential openness from the SEC, especially after similar filings for a Solana ETF. On January 30, 2025, NYSE Arca submitted a request to list and trade shares of the Grayscale XRP Trust. A revised version was later filed on February 10, indicating changes from the original proposal. ETF Store President Nate Geraci noted the significance of this move, emphasizing that many are overlooking the fact that the SEC is considering an XRP ETF while still engaged in litigation with Ripple. Adding to the speculation, the SEC recently removed its lawsuit against Ripple from its “Litigation Releases” section, moving it to “Court of Appeals.” While this does not indicate an end to legal proceedings, it has sparked debate about the potential outcome. Fox Business reporter Eleanor Terrett clarified that acknowledgment does not mean automatic approval but does show a more open approach from the SEC . This development marks a shift in the regulator’s stance. In December 2024, the SEC rejected multiple applications for Solana ETFs. However, under the new administration, those filings received acknowledgment after being resubmitted by Cboe. Bloomberg ETF analyst James Seyffart pointed out that under the previous SEC leadership, such acknowledgment would not have happened, highlighting a potential change in regulatory attitude. Once published in the Federal Register, Grayscale’s XRP ETF will have a 240-day review period before a final decision. Other asset managers have also filed for spot XRP ETFs, further pushing the conversation forward. Meanwhile, the SEC has also acknowledged Grayscale’s Dogecoin ETF filing, following the firm’s recent launch of a Dogecoin Trust. Analysts view this as a promising step, noting that in the past, many altcoin ETF filings were withdrawn immediately. Bloomberg’s senior ETF analyst Eric Balchunas sees this as a small but positive development, suggesting that the odds of DOGE ETF approval have slightly increased. Dogecoin is believed to have a higher approval chance than Solana or XRP, as the SEC may classify it as a commodity rather than a security. The classification of assets has been a major hurdle for ETFs based on other cryptocurrencies. Alongside Grayscale, Bitwise has also submitted a DOGE ETF application. Meanwhile, Rex Shares has proposed multiple meme coin ETFs, including Dogecoin, Bonk, and Official Trump. With the SEC acknowledging these filings, the market is watching closely to see if this signals a shift in how the regulator views crypto-based ETFs.

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
710
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.