$DOGE

In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has officially accepted the applications from Grayscale to list spot Exchange-Traded Funds (ETFs) for Ripple (XRP) and Dogecoin (DOGE). This move, announced on February 13, 2025, marks a pivotal moment for both digital assets, as the SEC now faces a 240-day window to review and decide on these applications.
A Closer Look at the Approval Process
The 240-day review period begins when Grayscale’s applications are officially filed with the SEC’s federal registry, which is expected soon. Should the SEC fail to make a decision within the timeframe, the deadline for final approval will extend into mid-October 2025. The SEC’s acceptance of these applications signals a shift in the agency's stance toward cryptocurrency ETFs, especially as similar applications for Litecoin (LTC) and Solana (SOL) ETFs were also approved recently.
This marks a change from the previous administration under Gary Gensler, during which the SEC rejected multiple Solana ETF proposals and delayed Grayscale’s Bitcoin Trust ETF conversion for years. Now, it seems the SEC is more open to incorporating crypto assets into traditional investment vehicles, reflecting the changing dynamics in the regulatory landscape.
Analysts Predict Favorable Outcomes for XRP and DOGE ETFs
According to prominent Bloomberg ETF analysts, James Seyffart and Eric Balchunas, the chances for approval for XRP and DOGE ETFs by 2025 are relatively optimistic. Seyffart predicts a 65% likelihood for XRP’s approval and 75% for Dogecoin’s. These figures are a positive indicator for crypto investors, especially considering the complex regulatory landscape surrounding digital assets. Litecoin’s ETF has an even higher chance of approval, with a 90% prediction by the end of 2025.
XRP’s legal battles with the SEC are still ongoing, with the agency appealing Ripple Labs’ partial victory in August 2023. However, despite the lawsuit, analysts remain hopeful that an XRP ETF could be approved before a final decision is made in court. Meanwhile, Dogecoin appears to face fewer obstacles in terms of SEC scrutiny, as the agency has yet to make a definitive statement about the token’s value.
What Does This Mean for Crypto Investors?
The potential approval of XRP and Dogecoin ETFs would be a major milestone for the broader cryptocurrency market, offering a new avenue for institutional investors to gain exposure to these assets without directly owning them. If successful, these ETFs could help boost liquidity, encourage more widespread adoption, and attract new investors into the crypto space.
As the review period progresses, both XRP and DOGE enthusiasts will be eagerly watching to see how the SEC responds. This could be a turning point that not only affects these particular tokens but also shapes the future of crypto ETFs in the United States.
#XRP #Dogecoin #CryptoETFs #SECApproval #Grayscale

State of Wisconsin reduces stake in Grayscale Bitcoin Trust exchange-traded fund but adds more shares of BlackRock BTC ETF: SEC Filing - The Daily Hodl The State of Wisconsin Investment Board (SWIB) is reducing shares of Grayscale Bitcoin Trust exchange-traded fund but adding more positions in Blackrock's iShares Bitcoin ETF
US Securities According to new documents filed with the SEC, SWIB owns 6,060,351 shares of Blackrock's IBIT.
Given that the fund is trading at $55.33 at the time of writing, SWIB's stake in IBIT is now worth $335.3 million worth more than $335.3 million.
In its previous filing in May, SWIB claimed to own only 2,450,400 shares of IBIT. However, in the May filing, the investment committee also owned 1,013,000 shares of #BTC #ETF #Grayscale (GBTC), with a total value of about US$57 million at the time. In documents filed in November and this week, SWIB did not disclose its GBTC holdings.
The Wisconsin Investment Committee is a state agency that manages the investments of public pension and trust funds. It has diversified investments including cryptocurrencies, Coinbase, Marathon Digital, Riot Platforms, Block, Cipher Mining, Cleanspark, Microstrategy and other traditional financial instruments.
IBIT is the Largest #Bitcoin ETF with $56.38 billion in assets under management (AUM), according to Coinglass. Fidelity's FBTC is in second place with $20.19 billion and GBTC is third with $ 19.28 billion.
Read us at: Compass Investments
#BlockchainFuture

Big news for *Dogecoin (DOGE)* lovers and investors! 🐕🚀 The *U.S. SEC* has just confirmed the receipt of *Grayscale’s* filing for a *Dogecoin ETF (Exchange-Traded Fund)*. This could be a *game-changer* for Dogecoin, as it would allow investors to buy into DOGE through a traditional stock exchange without directly holding the token. 🏦📈

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*What Does This Mean? 🤔*

1. *SEC's New Approach to Altcoin ETFs*
In the past, the SEC has *rejected* several altcoin-based ETFs, particularly for cryptocurrencies like *Bitcoin* and *Ethereum*. But now, the SEC seems to be *softening* its stance, *accepting* Grayscale’s *Form 19b-4* for a *Dogecoin ETF*. This marks a significant shift in how the agency is approaching the approval of *crypto-based financial products*. 🚀

2. *What is a Dogecoin ETF?*
An *ETF* is an investment fund that trades on stock exchanges, much like regular stocks. If approved, the *Dogecoin ETF* would allow traders and investors to get *exposure to Dogecoin* without needing to buy or store the cryptocurrency themselves. This could make it *easier for mainstream investors* to get involved in Dogecoin. 📉💰

3. *How This Affects the Market*
If the *ETF gets approved*, we could see *increased institutional investment* in Dogecoin. This would likely lead to *greater liquidity* and more *mainstream adoption* of DOGE, which could drive its price up 📈💵. Many investors view the approval of such ETFs as a *sign of legitimacy* for cryptocurrencies, and it could *boost confidence* in Dogecoin’s future. 🌟

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*What’s Next?*

The SEC now has *45 days* to respond to the filing. During this time, they’ll review the proposal and may either approve, reject, or request additional information. 📅⏳ So, stay tuned as the *Dogecoin ETF* could become a reality soon!

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*Why Is This Important?*

The approval of a *Dogecoin ETF* could open the door for *more mainstream investments* in crypto and *lower barriers to entry* for investors. It could also *boost Dogecoin’s price* and *reputation* as a serious asset in the crypto world. 🔥🚀

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💡 *Conclusion*: The fact that the SEC is now *considering* the *Dogecoin ETF* is huge! It shows how much *cryptocurrency* is being taken seriously in traditional markets. We might be *one step closer* to seeing *Dogecoin* become a much more mainstream investment. Stay informed and keep an eye on the SEC’s next move!

$DOGE
$XRP

#CryptoNews #Grayscale #Dogecoin #CryptoMarket #altcoins