Breaking: SEC Delays Decision on Dogecoin and XRP ETFs – Crypto News – Crypto News
Connect with us

Technology

Breaking: SEC Delays Decision on Dogecoin and XRP ETFs – Crypto News

Published

1 year ago

on

The US Securities and Exchange Commission (SEC) has delayed Dogecoin and XRP ETF applications from Grayscale Investments and 21Shares, respectively. This decision follows a pattern of related delays announced earlier this month as the commission seeks additional time to decide on the unconventional asset push. While this delay is not an outright denial, it adds to the growing speculation on the ETF for both assets. Dogecoin and XRP ETFs Potential According to the markets regulator, rather than the deadline slated for May 21-22 to further examine whether the proposals meet Exchange Act Section 6(b)(5) requirements for preventing fraud and protecting investors. 21Shares filed for the XRP ETF product in February, adding to its lineup of crypto ETF filings in the United States. This product is intended to be traded on the Cboe BZX Exchange and seeks to offer institutional investors indirect exposure to the top coin. Just like 21Shares, Grayscale… Read More at Coingape.com

The post Breaking: SEC Delays Decision on Dogecoin and XRP ETFs appeared first on CoinGape.

Related Topics:
Continue Reading

Trending