Dogecoin & XRP ETFs: SEC Approval Nears, Key October Deadline Looms
The cryptocurrency market is buzzing with anticipation as Dogecoin (DOGE) and XRP Exchange-Traded Funds (ETFs) under the 33 Act appear to be on the cusp of receiving approval from the U.S. Securities and Exchange Commission (SEC). This potential breakthrough is largely attributed to a new regulatory framework introduced by the SEC, which aims to streamline the approval process for such financial products. Industry observers and insiders suggest that final amendments from fund issuers are expected within the current week, marking a significant stride towards the long-awaited regulatory nod. Generic Standards Pave the Way for Crypto ETFs The prospect of Dogecoin and XRP ETFs gaining approval is primarily bolstered by the SEC's recently proposed generic listing standards. These standards are designed to provide a clearer pathway for various crypto-backed investment vehicles. According to a Reuters report, which cited three individuals familiar with the ongoing discussions, a final roun…
