SEC Approves Grayscale’s Dogecoin XRP ETF

SEC Acknowledges Grayscale’s Dogecoin and XRP ETF Filing

• The US SEC has acknowledged Grayscale’s 19b-4 filing for Dogecoin and XRP ETFs.
• This acknowledgment initiates the process for potential approval or denial of these funds.
• Bloomberg analysts predict a 75% chance of Dogecoin ETF approval and a 65% chance for XRP this year.
• The SEC will publish the filings in the federal register, starting a 240-day review period.
• Nate Geraci sees this as significant in the SEC’s case against Ripple.

The US SEC’s acknowledgment of Grayscale’s Dogecoin and XRP ETF filings marks the beginning of a formal review process, with Bloomberg analysts predicting favorable chances for approval within the year.