SEC Signals Progress for XRP and DOGE ETFs | Airdrop Alert Pro

The SEC has confirmed documents on Grayscale XRP and Grayscale Dog Exchange Trading Funds (ETFs). These documents are intended to list and trade their respective assets under the Commodity-based Trust Share Rules.

However, the notice does not indicate approval of the proposal. Instead, it is part of the process of soliciting public comments. After reviewing the comments and considering feedback, the SEC will decide whether to approve or reject the proposed rule changes.

XRP ETF gets initial SEC nod

January 30, 2025, New York Stock Exchange Filed The proposed rule changes to the list and transaction share of the SEC to Grayscale XRP Trust. February 10, revised version Replace original file. This means that the proposal being reviewed now is different from the initial submission.

ETF store chairman Nate Geraci stressed the importance of SEC recognition.

“It’s shocking that more people aren’t talking about the SEC accepting XRP ETF applications… They have open lawsuits with ripples,” he said. statement On X (formerly Twitter).

this SEC recently deleted the lawsuit According to its “Litigation Release” section, it has sparked speculation about a potential solution. However, The case has moved Go to the “Court of Appeals” section, indicating that the legal action is still underway.

Meanwhile, FOX business reporter Eleanor Terrett stressed that recognition does not mean automatic approval. However, development marks a promising beginning.

“Because this means this SEC is more open and not refuse to consider these products,” Terrett Write.

It is worth noting that this marks a huge change in the stance of regulators. December 2024, SEC rejected several 19-B4 files for Solana (Sol) ETF. but, The registration after CBOE is confirmed Under the leadership of President Trump’s administration.

James Seyffart, an ETF analyst at Bloomerg, also agreed.

“In the last second, they never even admitted it. They didn’t. Solana As early as December, the registration was rejected by the function. Basically means a chance…lol,” he Comment.

Once Grayscale’s XRP ETF is published in the Federal Gazette, it will have a 240-day approval window. In addition to grayscale, CBOE also submitted Form 19b-4 for Spot XRP ETFs from four other asset managers.

Doge ETF gains traction

Along with XRP, the SEC also acknowledged Grayscale’s Doge ETF Register. Followed Grayscale launches Dogecoin Trust last month.

“The Doge ETF application has been recognized by the SEC as part of the normal process, but it is a good sign for these cases because these Altcoins (who were told to exit immediately after submission) made our (already good) The odds are slightly increased approval,” Bloomberg senior ETF analyst Eric Balchunas Comment.

Previously, analysts suggested Dogecoin has high approval possibility Better than Solana or XRP. The SEC can classify it as a commodity, not Safety. It is precisely pointing out that security classification has always been sol and XRP ETF.

Added Grayscale, Bitwise also applies for Doge ETF. Finally, Rex shares seek approval Multiple Meme Coin ETFincluding dogs, BONK (BONK)and Official Trump (Trump).