The SEC has delayed the approval process for spot XRP and Dogecoin exchange-traded funds (ETFs), along with extending its review of an Ethereum staking amendment.
Under Section 19(b)(2)(B) of the Exchange Act, the SEC now has up to 240 days to approve or disapprove the rule changes for these products.
Analysts view the delay as routine, with expectations that any approvals for these ETFs would not arrive before late June or early July at the earliest.
The calendar indicates that any final SEC vote on XRP, Dogecoin, or ETH-staking structures is likely to be pushed into the fourth quarter of the year.