The American Securities and Exchange commission has delayed decision-making on two ETF applications linked to cryptocurrency, according to the performance of XRP and DOGE.
The En Chasse-En Coin negotiated on the stock market was proposed by Bitwise, while the XRP fund comes from Franklin Templeton, which was deposited in mid-March.
The examination period was extended until June 15 for Dogecoin ETF and June 17 for the base based on Ripple.
“The Commission deems appropriate to designate a longer period in which to take measures on the change of proposed rule so that it has enough time to consider the change of rule proposed and the questions raised there.
Consequently, the Commission, in accordance with article 19 (b) (2) of the law, 5 designates on June 17, 2025, as the date on which the Commission approves or disapprove, be instituted procedures to determine whether it is necessary, the proposed change of rule (file n ° SR-CBOEBZX-2025-040), “-Read the SR-CBOEBZX-2025-040),” READS N ° deposit.
Eleanor Terrett de Fox Business, citing information from Expert ETF James Seyffart, noted that the new dates are all “intermediaries” and have added that there will probably be even more delays until the fourth quarter this year.
A little more details after talking with Etf Guru @Jseyff just now:
These dates are all intermediaries and we will probably see the final decisions on a large part of ETP Crypto in Q4. For $ XRP Spot ETF, James plans in mid-October, around 18, as a deadline for final decision. It is…
– Eleanor Terrett (@elean branch) April 29, 2025
In addition, the popular news channel focused on the Wu Blockchain blockchain informed that the agency has delayed several other ETF Crypto, including a Solana fund from Franklin and Hedera Etf de Graycale.
The delay of the XRP ETF comes only a few days after the agency has approved three funds of proshares. The first reports said financial vehicles would be launched on April 30, but this information was demystified earlier during the day. The launch date is now together For May 14.
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