SEC Hurls DOGE and XRP ETFs Into Bureaucratic Limbo—You Won’t Believe the New Deadlines!

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What you missed while blinking:

  • The wise magicians at the SEC have once again conjured up a delay: Spot XRP and DOGE ETFs are now set to be pondered upon until June 15 and June 17, respectively—if the world survives that long.
  • The Commission, always tempted by bureaucracy, can stretch a 45-day decision window into a luxurious 90-day nap for extra rule-mulling.
  • Nostradamus—moonlighting as Bloomberg analyst James Seyffart—foresaw it all; deadlines likely creep into October 2025 or even when dogs and lawyers walk on two legs.

Regard, dear reader, the tragicomedy: one evening, as moonlight bathed Washington’s concrete palaces, the elusive SEC, in its infinite wisdom (and infinite coffee breaks), waved its quill and delayed judgment on spot XRP and Dogecoin ETFs. Analysts yawned, having bet their last ruble it would happen. Even the janitor nodded knowingly.

Documents, thicker than a Muscovite’s winter coat, solemnly proclaimed—biting back laughter—that the Bitwise DOGE ETF must wait for judgment until June 15, while the Franklin XRP Fund must twiddle its digital thumbs until June 17. The law, with a stern monocle, demands rulings in 45 days; but lo!—the SEC has discovered the stretchiness of time, doubling this holiday to 90 days if necessary, perhaps to consult a fortune-teller.

In one particularly poetic page, the agency sniffed, “The Commission finds it appropriate to designate a longer period…” (translation: “We need more coffee and less haste.”).

Meanwhile, James Seyffart, divining market fate from his tower, scrawled upon X (the artist formerly known as Twitter) that such delays are “expected”, with the final verdict on these digital creatures unlikely before the leaves fall in October 2025—or after the next comet sighting.

SEC delayed Ethereum Staking and Dogecoin ETFs too. I sense more delays drifting on the wind—Solana and Hedera/HBAR up next for the bureaucratic backburner. Don’t act surprised. October 2025, or whenever my coffee runs out.
— James Seyffart (@JSeyff), April 29, 2025

As for XRP and DOGE prices? Picture a chess club at midnight: unmoved, unbothered. Even Bitcoin, eternal trickster, can’t be bothered to stir. The show, as always, goes on. 🕰️🐕‍🦺🍊

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2025-04-30 09:25