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SEC Extends Review Period for 
$XRP and 
$DOGE ETF Applications
The Securities and Exchange Commission (SEC) has postponed decisions on both 21Shares $XRP ETF and Grayscale $DOGE ETF applications, initiating formal proceedings.
Original May 21-22 deadlines were suspended to further examine compliance with Exchange Act Section 6(b)(5) requirements for #investorprotection.
21Shares plans to track the CME CF XRP-Dollar Reference Rate with Coinbase Custody handling storage, while Grayscale would follow CoinDesk's Dogecoin Price Index.
Both proposed ETFs would issue shares in 10,000-share blocks as they await regulatory clearance.
Bloomberg ETF analyst James Seyffart indicated such delays are routine in the #cryptoETF approval process.
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