SEC delays its decision on ETF applications for XRP and Dogecoin to mid-June 2025, creating another twist in cryptocurrency regulation.
These postponements might impact institutional interest in cryptocurrency ETFs, affecting potential markets and guiding future investor actions.
The Securities and Exchange Commission (SEC) has postponed decisions on ETF proposals for XRP and Dogecoin until mid-June 2025. Franklin Templeton and Cboe BZX Exchange are key applicants involved in the process. These delays are expected, according to James Seyffart from Bloomberg Intelligence, as SEC's review process often includes such timings.
While the market reaction remains calm, with XRP and DOGE prices stable, institutional interest could see shifts due to these delays. Regulatory scrutiny continues, following similar patterns observed in previous ETF applications, such as those for Bitcoin and Ethereum. As the SEC extends its evaluation, the timeline for possible approval of these ETFs now stretches to October 2025, which could set the stage for more scrutiny into cryptocurrency fund management.
"These delays are par for the course and don't necessarily imply rejection, but rather represent part of the SEC's internal process." - James Seyffart, Analyst, Bloomberg Intelligence
Analyst opinions suggest these delays are procedural, with a lengthy timeline in place under SEC guidelines. The industry looks forward to possible long-term outcomes, as the SEC reassesses its stance on the growing number of cryptocurrency-related proposals. Market participants await further developments, managing expectations as the regulatory body weighs decisions that could influence broader market dynamics.
Read original article on coinlive.me免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。