SEC postpones its decisions on whether to approve two new crypto ETFs, one for XRP and one for Dogecoin

According to filings posted Tuesday, the SEC will decide on the Bitwise Dogecoin ETF by June 15 and the Franklin XRP Fund by June 17.

The agency said it needs more time to review the proposals and the issues they raise.

Several companies have recently tried to launch crypto ETFs, especially now that the SEC seems to be more open to the idea.

Since President Trump took office in January, the SEC has dropped lawsuits against some crypto companies and started hosting public meetings to discuss crypto regulation.

The new SEC chair, Paul Atkins, is seen as supportive of crypto. He recently said he believes digital assets could offer big benefits and that he wants to work with lawmakers to build proper rules for the industry.

Earlier, under President Biden, the SEC approved ETFs for Bitcoin and Ethereum. Now it’s reviewing dozens of new crypto ETF proposals including ones for Solana, XRP, and Dogecoin.

Also on Tuesday:

• Nasdaq proposed listing 21Shares' Dogecoin ETF.
• The SEC delayed its decision on whether to allow staking for Franklin’s Ethereum ETF until June 16.
• It also pushed back decisions on the Grayscale Hedera Trust and Franklin Crypto Index ETF.

A Bloomberg analyst, James Seyffart, said he expects even more delays this week.

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