The U.S. Securities and Exchange Commission (SEC) has once again extended the review periods for several cryptocurrency ETFs, including the spot Dogecoin ETF from Bitwise and the XRP fund from Franklin Templeton. This decision, announced recently, pushes the next review deadline into June 2025.
Key Details of the Delays
The SEC is utilizing its authority to extend the initial review period, allowing for a more thorough examination of the proposed rule changes. The new deadline for Bitwise's Dogecoin ETF is set for June 15, 2025, while Franklin Templeton's XRP ETF faces a deadline of June 17, 2025. These delays are part of the SEC's standard procedure, ensuring all regulatory concerns are addressed before making a final decision.
Broader Implications for Crypto ETFs
These postponements also affect other crypto ETF applications, including those for Solana and Ethereum, reflecting the agency's cautious approach to cryptocurrency-based financial instruments. Bloomberg analysts suggest that final decisions on many of these crypto ETFs are expected in October 2025 or later. The SEC's actions indicate a measured approach to integrating digital assets into mainstream investment products, balancing innovation with investor protection.