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SEC Postpones Decision on XRP and Dogecoin ETFs – Experts Remain Optimistic
The U.S. Securities and Exchange Commission (SEC) has delayed its decisions regarding the approval of ETFs for XRP and Dogecoin. According to Block-Builders.de, experts such as James Seyffart and Eric Balchunas estimate the chances of an XRP ETF being approved this year at 85 percent. This optimism is supported by the launch of XRP futures trading at the Chicago Mercantile Exchange in the second half of May. For Dogecoin ETFs, the approval probability is set at 80 percent, while Bloomberg reports a 90 percent likelihood for Solana ETFs in 2025.
The SEC retains the right to extend decision deadlines, which could mean a final verdict may not arrive until October. Interest in Bitcoin ETFs has surged recently, with significant capital inflows over the last eight trading days. Since the Bitcoin halving in April 2024, miners are producing only about 450 BTC daily, while ETFs on strong trading days must purchase several thousand BTC to meet demand. This dynamic has positively influenced the Bitcoin price curve. Despite the SEC’s recent decisions, affected altcoins such as XRP, Dogecoin, and Solana have not shown significant price volatility.
| ETF | Approval Probability | Expected Decision |
|---|---|---|
| XRP | 85% (2024) | Possibly October |
| Dogecoin | 80% | Possibly October |
| Solana | 90% (2025) | 2025 |
- SEC delays decisions on XRP and Dogecoin ETFs
- Experts remain optimistic about approval chances
- Bitcoin ETFs see strong capital inflows
- No significant price movements for XRP, Dogecoin, or Solana after SEC announcements
The SEC postpones the decision on XRP and Dogecoin ETFs, but experts remain optimistic. Bitcoin ETFs continue to attract strong capital inflows. (Source: Block-Builders.de)
Infobox: The SEC has delayed decisions on XRP and Dogecoin ETFs, but expert optimism remains high. Bitcoin ETFs are experiencing robust capital inflows. (Source: Block-Builders.de)
Nasdaq Files for 21Shares Dogecoin ETF – Bitwise Decision Delayed
The U.S. exchange Nasdaq has submitted a 19b-4 form to the SEC to enable the listing and trading of shares in the 21Shares Dogecoin ETF. According to FXStreet DE.COM, the SEC has postponed its decision on the Bitwise spot DOGE ETF, extending the review period until June 15, 2025. Following this announcement, the Dogecoin price hovered around $0.17 on Wednesday, after a slight decline the previous day.
Technical analysis indicates that Dogecoin has faced resistance at the weekly level of $0.18 since last week. On Sunday, the price dropped by 4% over the following three days. The Relative Strength Index (RSI) on the daily chart stands at 54, trending downward toward its neutral level of 50, suggesting waning bullish momentum. If the RSI falls below 50, Dogecoin’s price could decline sharply. Conversely, a breakout above the $0.18 resistance could trigger a rally up to $0.22.
| Date | Dogecoin Price | Resistance Level | RSI |
|---|---|---|---|
| Wednesday | $0.17 | $0.18 | 54 (downward) |
- Nasdaq files for 21Shares Dogecoin ETF
- SEC delays Bitwise DOGE ETF decision to June 15, 2025
- Dogecoin price remains volatile, facing resistance at $0.18
- RSI indicates weakening bullish momentum
Infobox: Nasdaq has applied to list the 21Shares Dogecoin ETF, while the SEC has postponed the Bitwise DOGE ETF decision to June 15, 2025. Dogecoin’s price remains volatile. (Source: FXStreet DE.COM)
Spot Dogecoin ETF by 21Shares: Official Nasdaq Application
Nasdaq has officially submitted an application to the SEC to list and trade the 21Shares Spot Dogecoin ETF. According to Newsbit.de, the fund will directly track the price of Dogecoin (DOGE), offering investors a straightforward way to gain exposure to the cryptocurrency. The application was filed under Section 19(b)(1) of the Securities Exchange Act of 1934, and the shares are to be classified as commodity-based trust shares.
The 21Shares Dogecoin ETF is structured as a Maryland Statutory Trust, with 21Shares acting as sponsor and manager. Coinbase Custody will handle the custody of Dogecoins. The investment strategy is passive, with no derivatives or leveraged products involved, and the ETF will exclusively follow the CF DOGE-Dollar US Settlement Price Index. Bitwise and Grayscale have also submitted applications for similar products. The SEC has acknowledged the Bitwise and Grayscale applications, with decision deadlines set for October 11 and November 12, 2025, respectively. The 21Shares ETF is expected to undergo a similar review process, with a maximum decision period of 240 days.
- 21Shares Dogecoin ETF application officially filed with the SEC
- Fund passively tracks Dogecoin price, no derivatives or leverage
- Coinbase Custody as custodian
- SEC decision expected within 240 days of application
- Bitwise and Grayscale also have pending Dogecoin ETF applications
- SEC confirms: Meme coins like Dogecoin are not securities
Infobox: Nasdaq and 21Shares are advancing the launch of a Spot Dogecoin ETF. The SEC has acknowledged the applications, with a decision expected by the end of 2025. (Source: Newsbit.de)
ZA Miner Launches Free Cloud Mining Platform for Bitcoin and Dogecoin
ZA FUNDINGS LTD has launched ZA Miner, a new cloud mining platform for Bitcoin (BTC) and Dogecoin (DOGE). According to FinanzNachrichten.de, users can start mining without hardware, fees, or technical expertise. Upon registration, new users receive a mining contract worth $100, enabling mining without any personal investment. The platform focuses on mining Bitcoin, Dogecoin, and Litecoin (LTC), with daily earnings automatically credited to users.
ZA Miner’s mining infrastructure is located in energy-efficient regions such as Kazakhstan and Iceland, leveraging sustainable and cost-effective energy sources to reduce environmental impact and increase efficiency. The platform offers SSL encryption, anti-DDoS protection, and a referral program with commissions for invited users. A ZA Miner representative emphasized that the platform is designed to eliminate traditional barriers to crypto mining, such as high costs and technical complexity.
- Free cloud mining for Bitcoin, Dogecoin, and Litecoin
- $100 mining contract for new users
- Energy-efficient locations in Kazakhstan and Iceland
- Automatic daily crediting of mining earnings
- SSL encryption and anti-DDoS protection
- Referral program with commissions
Infobox: ZA Miner offers free cloud mining for Bitcoin and Dogecoin, focusing on sustainability and user-friendliness. (Source: FinanzNachrichten.de)
Editorial Assessment
The ongoing delay of SEC decisions regarding XRP and Dogecoin ETFs highlights the persistent regulatory uncertainty in the crypto market. Nevertheless, the high probability of approval signals that institutional players and major exchanges like Nasdaq recognize the potential of these altcoins and are preparing for the market’s opening to new investment products. The strong demand for Bitcoin ETFs and associated capital inflows demonstrate that regulated crypto products are becoming increasingly attractive to investors. Should the SEC approve more ETFs, this could significantly boost the acceptance and liquidity of cryptocurrencies such as XRP, Dogecoin, and Solana. The development of cloud mining offerings and the ongoing professionalization of the market also indicate that access to digital assets is becoming easier for a broader user base. The coming months will be crucial for shaping the U.S. crypto market.
Infobox: Regulatory developments in crypto ETFs remain a key factor for market dynamics. Approval could provide new momentum for acceptance and liquidity. (Source: Krypto Magazin)
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