SEC Acknowledges Grayscale’s XRP ETF and DOGE ETF Initiatives | Airdrop Alert Pro

SEC acknowledges proposal from Grayscale, Ripple’s XRP makes headlines Convert its XRP trust to ETF. While this does not mean approval, it is an important step forward, especially under the new SEC leadership. Bloomberg analysts Eric Balchunas and James Seyffart think there is a 65% chance now XRP ETF Get the green light, which may bring new institutional funding to the token.

But this is not just XRP, it’s in the spotlightDogecoin is also in ETF competition. The SEC acknowledged that the New York Stock Exchange (NYSE) filed 19b-4 applications for XRP and Dogecoin ETF, marking the beginning of the review process. Analyst James Seyffart shared information On X, stressing that this is expected, but remains a significant milestone. His post stressed that the “clock” of XRP and Dogecoin has officially begun.

Since Dogecoin is the eighth largest cryptocurrency, its ETFs could be a game-changer to push meme coins into mainstream finance. And XRP ETFs will increase XRP adoption and price. The SEC is now inviting the public to make public comments on Grayscale’s Dogecoin ETF proposal and respond within 21 days. After that, the agency will decide whether to approve, reject or expand the decision-making process.

But Jeremy Hogan explainthe realistic timetable for approving S1 ETF fill will be 8-12 months.

What does this mean for ripple

Recognition of XRP ETF application Ripple is still fighting the SEC in court. Many believe that if the SEC approves the XRP ETF, it could mark the end of Ripple’s legal troubles. Some experts even speculate that XRP can be classified as security, clearing huge obstacles for its future.

Ripple CEO Brad Garlinghouse Brad Garlinghouse Brad Garlinghouse is CEO of financial technology company Ripple Labs, a very popular name in the global cryptocurrency landscape. He has previously served as CEO of file sharing service Hightail and an active angel investor. He joined Ripple as COO in April 2015, answering CEO and lead supporter Chris Larsen. He was promoted to CEO in December 2016. Initially, he worked at AOL and Yahoo!. From 2003 to 2008, he served as Yahoo! Senior Vice President, where he runs its homepage, Flickr, Yahoo! Mail and Yahoo! Express department. In Yahoo! When he wrote an internal update called the Peanut Butter Manifesto, he asked the organization to engage in its core business zero, rather than overly stretching, just like peanut butter. Details: Organization: RippleLocation: National Education: MBA from Harvard Business School and Bachelor’s Degrees from Kansasskills University: Venture Capital and Startup Experience: CEO of Ripplem in January 2017. Animoto, a logo board member for R1, 2011-2016 board member, 2013-2013-2016-2016 Hightail, May 2012-September 2014, September 2014 FAQ is Brad Garlinghouse? Is it Brad Garlinghouse? Brad Garlinghouse is specialized in blockchain technology and cryptocurrency XRP. He played an important role in using blockchain technology to promote cross-border payments. What is Brad Garlinghouse’s role in Ripple? Garlinghouse is responsible for Ripple’s expansion and strategic direction, serving as CEO. Ripple focuses on using blockchain technology to enhance the international payment network under its guidance. entrepreneurinvestorCEOBoard Members right informationcalling XRP ETF “inevitable”. He has long believed that this would happen, and now, the SEC’s recognition brings it closer to reality. Ripple president Monica Long also expressed confidence that XRP’s next ETF approval is available.

Meanwhile, analyst Nate Geraci weighed that despite Ripple’s legal challenge, the SEC’s moves show that despite the fact that the SEC’s moves have brought a big shift to XRP. Optimism is growing as the SEC appears to be expanding its aggressive crypto enforcement under its new administration.

In addition, the SEC is expected to acknowledge other XRP ETF ArchivesCanary Capital, Tree of Wisdom and 21shares. Once listed in the Federal Gazette, the agency began a 240-day window to decide on approval.

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XRP current market sentiment

XRP has risen 4% since the news broke, with current resistance of $2.55. If it discounts over $2.72 and flips it into support, you can confirm the round bottom pattern, pushing the price to $3.15. Technical indicators such as RSI and MACD cross the moving average, suggesting bullish signs. However, if XRP faces a rejection at a critical level, it could drop to $2.26.

XRP and Dogecoin ETFs are now working, and the biggest question remains – will this be approved first? If XRP wins, it could mark a new era for tokens and the crypto market as a whole.