The U.S. Securities and Exchange Commission (SEC) has delayed the approval of the ETF applications for Ripple (XRP) and Dogecoin (DOGE).

Source: Cointelegraph Original: "The U.S. Securities and Exchange Commission (SEC) delays approval of the ETF applications for Ripple (XRP) and Dogecoin (DOGE)"

SEC filings show that the agency has delayed its decision on whether to approve two exchange-traded funds (ETFs) that hold Dogecoin and Ripple.

According to two documents reviewed by Cointelegraph, U.S. regulators have postponed the listing decision deadline for these two proposed ETFs to June. These documents respond to listing applications submitted in March by U.S. exchanges NYSE Arca and Cboe BZX Exchange—the former is applying to list Bitwise's Dogecoin ETF, while the latter is applying to list Franklin Templeton's Ripple ETF. On the same day, another U.S. exchange, Nasdaq, also submitted an application to list the 21Shares Dogecoin ETF.

According to CoinGecko data: Dogecoin is the largest meme coin by trading volume globally, with a market capitalization of approximately $26 billion as of April 29. Ripple is the native token of the XRP Ledger blockchain network, with a market capitalization of approximately $133 billion.

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In 2025, the SEC has received dozens of applications for the listing of altcoin ETFs. As of April 21, approximately 70 cryptocurrency ETFs are awaiting SEC review.

Bloomberg analyst Eric Balchunas posted on X platform on April 21, stating that the ETFs applied for by asset management companies include assets "ranging from Ripple, Litecoin, Solana (SOL) to Penguins, Dogecoin, 2XMelania coin, etc.".

This wave of applications comes at a time when President Trump is urging the SEC to adopt a more inclusive stance towards cryptocurrencies.

However, analysts warn that investor demand for altcoin ETFs may be relatively lukewarm compared to mainstream cryptocurrency ETFs like Bitcoin (BTC) and Ethereum (ETH).

Balchunas metaphorically said: "Getting your token ETF'd is like a band's work landing on all music streaming platforms—while it can't guarantee play counts, it allows your music to reach the vast majority of listeners."

Although U.S. exchanges actively embrace cryptocurrency ETFs, they also call for the SEC to impose strict regulations on digital assets. In an opinion letter dated April 25, Nasdaq argued that if digital assets are essentially "securities in disguise," they should be subject to the same compliance standards as securities.

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