The U.S. SEC is once again extending review periods for several crypto ETF proposals, putting decisions on hold for funds tied to Dogecoin, XRP, and other digital assets.
According to filings published Tuesday, the SEC will now take until mid-June to make calls on Bitwise’s proposed Dogecoin ETF and Franklin Templeton’s XRP Fund, with new deadlines set for June 15 and June 17, respectively. The agency stated it needs additional time to thoroughly evaluate the proposals and the regulatory considerations they raise.
The delays come amid a shifting regulatory climate. Since the beginning of 2025, the SEC has softened its stance on crypto under new Chair Paul Atkins, who replaced Gary Gensler. Atkins, considered more open to digital assets, recently expressed optimism about the sector’s potential and emphasized the need for thoughtful collaboration with lawmakers to craft clearer rules.
This pivot in tone follows a wave of high-profile approvals last year, including the first spot Bitcoin and Ethereum ETFs. Now, issuers are lining up with applications tied to everything from Solana to Hedera to Dogecoin.
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In addition to the Dogecoin and XRP delays, the SEC also postponed decisions on proposals related to Ethereum staking and a broader crypto index ETF, both submitted by Franklin. Nasdaq also filed a new application to list 21Shares’ Dogecoin ETF, adding to the growing queue.
With multiple deadlines pushed back and more proposals flooding in, analysts like Bloomberg’s James Seyffart say the wait will likely continue this week as the SEC works through its expanding crypto ETF pipeline.
