The delays were anticipated, as it was pointed out by one analyst that most ETF filings have final deadlines in October or later.
Approval decisions on spot XRP (XRP) and Dogecoin (DOGE) exchange-traded funds (ETFs) were delayed by the U.S. Securities and Exchange Commission (SEC) late Tuesday, as expected by analysts.
It was stated by the SEC that the next steps for the Bitwise DOGE ETF will be awaited until June 15, and for the Franklin XRP Fund, until June 17, as shown in separate filings.
It is stated by the law that the Commission has 45 days from the announcement of a proposed rule change to either approve, reject, or begin a process to decide on its rejection. These 45 days can be extended to 90 days if more time is deemed necessary by the Commission.
It was stated by the agency in the filings that a longer period for action on the proposed rule change is found to be appropriate, allowing sufficient time for the proposed rule change and the issues raised within it to be considered.
It was stated by Bloomberg Intelligence analyst James Seyffart in an X post that these delays were anticipated, as final deadlines for most filings are set for October or later.
Decisions on Ethereum Staking and Dogecoin ETFs were also delayed by the SEC today. It is expected that more delays will occur today or at least this week for some Solana and Hedera/HBAR ETF filings. This is considered expected, in my opinion. Final deadlines for most of these filings are set for October 2025 or later.
Over the past 24 hours, little change has been seen in XRP and DOGE, with Bitcoin price action remaining flat.
