XRP and Dogecoin Spot ETF Filings Could Get SEC Acknowledgement This Week

The U.S. Securities and Exchange Commission could acknowledge the spot exchange-traded fund filing for XRP and Dogecoin as soon as this week.

The U.S. Securities and Exchange Commission (SEC) could acknowledge filings for spot exchange-traded funds (ETFs) on XRP (XRP) and Dogecoin (DOGE) as early as this week, according to Bloomberg ETF analysts.

The SEC's latest major move in this space was acknowledging an amended application for a Solana (SOL) ETF by Grayscale on Feb. 6.

The latest development comes as anticipation is high within the crypto market following the departure of Gary Gensler as SEC chair.

The Bloomberg ETF analysts now put the odds of a spot Litecoin (LTC) ETF and Solana ETF approval at 90% and 70% respectively.

The SEC has already acknowledged Form 19b-4 for both cryptocurrencies, with the countdown to the final deadline continuing on Oct. 2 and Oct. 25 for LTC and SOL respectively.

However, the two ETF experts are also putting odds of XRP and DOGE ETFs getting approved at 65% and 70%, respectively.

According to a post on X on Feb. 10 by Seyffart, applications for spot ETFs on the Ripple cryptocurrency and the top meme coin could get SEC acknowledgement this week.

Cboe BZX filed S-1 forms for XRP ETFs for Canary Capital, WisdomTree, 21Shares, and Bitwise.

At the same time, there are also S-1 filings for Dogecoin ETFs by Grayscale and Bitwise. The analysts expect forms 19b-4 to get a nod on Feb. 13 and 14 in that order.

As for final approval, the analysts believe the SEC and Commissioner Hester Peirce's crypto task force will provide a path to much needed regulatory clarity by the end of 2025. One of this is the “untangling” of the question of security vs. commodity.