The U.S. Securities and Exchange Commission (SEC) has postponed decisions on proposed exchange-traded funds (ETFs) for XRP and Dogecoin, delaying responses to filings from firms such as 21Shares and Grayscale. This decision aligns with a broader pattern of delays affecting several crypto ETF applications following the success of Bitcoin-focused funds last year. The SEC cited the need for further analysis on whether these ETFs comply with rules intended to protect investors and prevent fraud. These developments occur amid a surge in interest for altcoin ETFs, reflecting the ongoing evolution in the cryptocurrency investment landscape. Companies like 21Shares are pushing for approval, leveraging the growing appetite for diversified crypto investment products. The SEC's actions indicate ongoing regulatory caution as it navigates the complexities of incorporating cryptocurrency into traditional financial frameworks.

Source šŸ”—