The U.S. Securities and Exchange Commission could acknowledge the spot exchange-traded fund filing for XRP and Dogecoin as soon as this week.
SEC’s latest major move was the acknowledgement of the amended Solana (SOL) ETF application by Grayscale. The agency ticked on this milestone on Feb. 6, and now Bloomberg ETF analyst James Seyffart says amended filings for XRP (XRP) and Dogecoin (DOGE) ETFs could be next.
Seyffart and his colleague Eric Balchunas now have the odds of a spot Litecoin (LTC) ETF and Solana ETF approval at 90% and 70% respectively. The SEC has acknowledged Form 19b-4 for both cryptocurrencies, and the countdown to the final deadline is Oct. 2 and Oct. 25 for LTC and SOL respectively.
But that’s not all. With anticipation across the crypto market high in the post-Gary Gensler era, the two ETF experts are also putting odds of XRP and DOGE ETFs getting approved at 65% and 70%.
Seyffart noted in a post on X on Feb. 10 that applications for spot ETFs on the Ripple cryptocurrency and the top meme coin could get a SEC acknowledgement nod this week.
Cboe BZX filed S-1 forms for XRP ETFs for Canary Capital, WisdomTree, 21Shares, and Bitwise. Meanwhile, there are also S-1 filings for Dogecoin ETFs by Grayscale and Bitwise. The analysts expect forms 19b-4 to get a nod on Feb. 13 and 14 in that order.
As for final approval, the analysts see the SEC as well as Commissioner Hester Peirce’s crypto task force will provide a path to much needed regulatory clarity by the end of 2025. One of this is the “untangling” of the question of security vs. commodity.
