SEC Reviews Grayscale’s XRP and Dogecoin ETF Filings for Public Comments
The SEC has acknowledged Grayscale’s ETF filings for XRP and Dogecoin, indicating a potential shift in its stance towards crypto ETFs. Public comments are being solicited before final decisions are made.
- Grayscale submitted a request to list the XRP Trust on January 30, 2025, with a revised proposal filed on February 10.
- The SEC removed its lawsuit against Ripple from the “Litigation Releases” section, moving it to the “Court of Appeals.” This change has fueled speculation about the ongoing legal proceedings.
- Previous rejections for Solana ETFs have been followed by recent acknowledgments under new SEC leadership, suggesting a more open regulatory approach.
- The review period for Grayscale’s XRP ETF will be 240 days once published in the Federal Register.
- Grayscale’s filing for a Dogecoin ETF has also been acknowledged, following the launch of a Dogecoin Trust.
- Analysts believe Dogecoin has a higher chance of approval compared to Solana or XRP, as it may be classified as a commodity.
- Other asset managers, including Bitwise and Rex Shares, have also submitted applications for DOGE and multiple meme coin ETFs.
The market is closely monitoring these developments for indications of how the SEC's view on crypto-based ETFs may evolve.