The U.S. Securities and Exchange Commission (SEC) has acknowledged Grayscale's filings for spot XRP and Dogecoin exchange-traded funds (ETFs), marking a significant development in the crypto landscape. Following the SEC's acknowledgment on February 13, a 240-day review period will commence, leading to a decision likely by mid-October. This is a shift in the SEC's approach under new leadership compared to the previous regime, which had rejected similar applications. Analysts predict a good chance for approval of the XRP and Dogecoin ETFs, although concerns about XRP's security status remain, particularly with ongoing legal disputes involving Ripple Labs. In contrast, Dogecoin's status is less contentious, which could facilitate a smoother approval process. Overall, the acknowledgment of these filings signals a potential shift towards greater acceptance of cryptocurrency ETFs.

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