SEC Delays Decision on Spot Ripple, Dogecoin ETF Applications

Description

The US Securities and Exchange Commission has delayed making a decision on two cryptocurrency-related ETF applications, tracking the performance of XRP and DOGE. The meme coin exchange-traded fund was proposed by Bitwise, while the XRP fund comes from Franklin Templeton, which was filed in mid-March. The review period has been extended to June 15 for the Dogecoin ETF and June 17 for the Ripple-based one. “The Commission finds it appropriate to designate a longer period within which to take actio...