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The US Securities and Exchange Commission (SEC) has acknowledged filings to list both a spot XRP and Dogecoin ETF (exchange-traded fund) by crypto asset manager Grayscale.
Yesterday, the financial regulator acknowledged Grayscale’s Form 19b-4 filings for the Grayscale XRP Trust and the Grayscale Dogecoin Trust.
Countdown To Grayscale XRP And Dogecoin ETF Decision Will Start Soon
Following the 19b-4 filings to the SEC, the clock for the agency to review and reach a decision on the proposed listings within a mandated 240-day deadline will soon start. The countdown will begin when Grayscale’s filings are submitted to the SEC’s federal register, which typically happens within days after a19b-4 filing.
NEW: There it is — The SEC just acknowledged @Grayscale & @NYSE’s 19b-4 filing to list an XRP ETF
(this was mostly expected but officially means the clock will start soon for this and Dogecoin) pic.twitter.com/IQgTqPiiOe
— James Seyffart (@JSeyff) February 13, 2025
If the 19b-4 filings are submitted to the SEC’s federal register now, it will place the regulator’s deadline for Grayscale’s proposed spot XRP and DOGE ETFs at around the middle of October this year.
SEC Also Acknowledges Solana And Litecoin ETFs
Grayscale’s spot XRP ETF and spot DOGE ETF filings are not the only proposals acknowledged by the SEC. In the last two weeks, the regulator has also acknowledged similar funds for Litecoin (LTC) and Solana (SOL) .
According to Bloomberg ETF analysts James Seyffart and Eric Balchunas, there is a high probability that crypto ETFs for altcoins will receive the greenlight from the SEC in 2025. Both experts placed the odds of XRP and DOGE ETFs getting approved this year at 65% and 75%, respectively.
However, questions still remain regarding the security status of XRP. Seyffart predicted that an ETF for the remittance token might not get the regulatory nod until the long-standing legal case between the SEC and Ripple Labs is fully resolved.
The pair added that a Litecoin ETF is more likely to get approved by the SEC because the regulator likely views LTC as a commodity. As such, the chances of a US spot LTC ETF getting approved in 2025 stand at 90%, according to the Bloomberg analysts.
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