In a rather surprising feature, the US Security and Exchange Commission (SEC) officially has recognized Grayscale investment applications to convert their XRP and Dogecoin confidence to Exchange Traded Funds (ETFS). This decision from SEC signals a potential shift in the control landscape for crypto investment products, which may open access to both Spot Dogecoin and XRP ETF in the crypto market in 2025.
SEC recognizes Grayscales Dogecoin and XRP ETFS applications
On Thursday, US Sec Published A regulatory message seeking public comments about the proposed rule changes required to list Greyscales XRT confidence and Dogecoin Trust Under NYSE ARCA rule 8.201-E. This formal recognition triggers an audit period with a mandate 240-day deadline for the agency to approve or reject the ETF applications. This 240-day timeline officially began once Gray -scale ETF applications Presented to US SEC’s federal register.
The controller has officially recognized Grayscales XRP and Dogecoin ETF applications, which signals a significant change in Crypto ETF products. Currently only Bitcoin and Ethereum ETFS has been formally accepted and placed on the market. But with SEC’s latest recognition of Grayscales ETF applications, there is a possibility to More crypto -etfs entering the market.
Noteworthy James Seyffart, a Bloomberg analyst, shared his expectations that SEC accepted a Dogecoin and XRP ETF In an X Social Media post on February 10. Seyffart predicted exactly that Sec will recognize both Dogecoin and XRP ETF applications this week. He also emphasized that if the applications continue as expected, a decision from SEC can be made no later than October 17, 2025, which represents the official deadline to approve or reject the applications.
Would the controller give green light and approve XRP and Dogecoin ETF applicationsBoth products could be launched by the end of 2025. Seyffart has also shared a chart that illuminates the odds for various crypto -etfs to be launched. He indicated that the final barrier to approve a crypto -etf would be its security status according to Sec’s standards.
The chance of a Dogecoin and XRP ETF 2025
For XRP, Seyffart revealed that SEC currently does not see it as a security despite its over-three-year trial claiming that it Ripple sold XRP as unregistered securities. Because of its no safety status, the Bloomberg analyst proposes that XRP ETF has a 65% chance of being launched.
Interestingly, Doge has a greater chance of getting an ETF 2025. The Bloomberg analyst revealed that US Sec Can classify Dogecoin as a security, possibly because of its MEME coin status. Anyway, the analyst estimates the 75% chance of a Dogecoin ETF to debut on the market.
Although Sec has recognized Grayscales Dog- and XRP ETF applications, this does not official approval. But it makes it state The fact that the controller is more open and does not directly reject the applications.
Trained Image from Medium, Diagram from TradingView.com
