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
ZyCrypto 2025-02-16 18:34:32

DOGE, XRP Set For Massive Rocket as SEC Accepts Grayscale’s, 21Shares Spot ETF Filings

DOGE, XRP Set For Massive Rocket as SEC Accepts Grayscale’s, 21Shares Spot ETF Filings

Dogecoin (DOGE) and XRP saw a sharp price increase of over 10% on Friday after the U.S. Securities and Exchange Commission (SEC) acknowledged spot Exchange-Traded Fund (ETF) filings from Grayscale Investments and 21Shares. Notably, on Thursday, the SEC officially published a regulatory notice seeking public comments on the proposed rule changes required to list Grayscale’s XRP and Dogecoin Trusts under NYSE Arca Rule 8.201-E. This acknowledgment marks the beginning of the formal review process, which spans up to 240 days, during which the SEC must approve or reject the applications. Grayscale’s strategy for the Dogecoin ETF involves structuring it so that authorized participants handle cash transactions rather than directly holding DOGE, addressing potential regulatory concerns. Coinbase Custody has been designated as the custodian, while BNY Mellon will oversee administrative functions. Meanwhile, the SEC also recognized the XRP ETF application submitted by asset manager 21Shares on Friday. However, it is important to note that while these acknowledgments do not equate to approval, they represent a significant first step in the regulatory process. “ To be sure, there’s still a whole process to go through with all of these new crypto ETF filings (LTC, DOGE, SOL, XRP, etc.), but this is a good first step as it means there’s at least a chance these products could launch in the future,” tweeted Eleanor Terrett, a crypto-journalist at Fox Business. Meanwhile, the news has sparked optimism among investors, with Polymarket data showing that the odds of DOGE and XRP ETFs being approved have risen to 75% and 78%, respectively. Elsewhere, Bloomberg ETF analyst James Seyffart estimated XRP has a 65% chance of securing ETF approval, while DOGE’s odds stand slightly higher at 75%. On the other hand, Bloomberg’s Eric Balchunas also weighed in on the SEC’s decision, stating , “ DOGE ETF filing has been acknowledged by the SEC. This is part of the normal process, but it’s a good sign considering these altcoins were previously told to withdraw right after filing.” He added that this acknowledgment slightly improves the likelihood of approval. That said, the SEC’s shift in stance follows the departure of former Chair Gary Gensler, known for his skepticism toward crypto assets. Historically, the agency has hesitated to approve ETFs beyond Bitcoin and Ethereum. Under Gensler’s leadership, the SEC rejected at least 20 spot Bitcoin ETF applications before finally approving them in January. The agency has also delayed decisions on products like ETH and SOL ETFs, pushing some final deadlines into May 2025. As the SEC’s review process unfolds, investor optimism surrounding DOGE and XRP ETFs continues to build, potentially driving further gains for both assets.

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
152
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.