Dogecoin ETF registration: Will Doge approval be obtained before XRP ETF?

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Bitwise has updated its spot Dogecoin ETF filing, providing optimism about the possibility of crypto funds launching soon. based on Bloomberg analyst Eric Balchunas James Seyffart predicts that the XRP ETF is still expected to launch ahead of the Doge ETF.

Bitwise revises S-1’s Spot Dogecoin ETF

according to SEC filingAsset Manager has submitted an revised registration statement Dog protein ETF. This has allowed the SEC to approve the fund very quickly to increase optimism. exist X PostsBalchunas said the amendment was a good sign because it showed that Bitwise was interacting with the committee.

this Bloomberg Analyst It was further noted that the amendment was also tracked with other on-site approvals. Meanwhile, he revealed that Bitwise’s huge change to Dogecoin ETF archives is to increase modern creation and redemption. This ETF mechanism enables authorized participants (APs) to create and exchange stocks using Mendog instead of cash.

Balchunas noted that this rule was not originally there When the drill bit is submitted Spotted for Dogecoin ETF in January. Analysts also announced that at this time, this is a “close lock”, that is, the full use of physical objects is allowed. In addition to Bitwise, asset managers 21shares and Grayscale also filed applications for Dogecoin ETF.

Earlier this month 21shares has been revised S-1 is a Doge ETF. At that time, Eric Balchunas said the amendment made things even more interesting. He pointed out how to make corrections usually after the SEC’s comments. Therefore, it is possible for the Commission to provide feedback to two potential Doge ETF issuers.

Grayscale is the only Dogecoin ETF issuer to have not filed an amended registration statement. But if the SEC does provide comments to these issuers, that may change soon. This will be similar to all potential Solana ETF issuers modify their S-1 The committee asked them to do so after the documents.

Will the SEC approve Doge ETF before the XRP ETF?

Balchunas and Seyffart predict that the SEC is unlikely to approve the dogecoin ETF before the XRP ETF. These Bloomberg analysts have been trained recently Their odds of getting approval from the XRP ETF in 2025. Meanwhile, they predict that the committee will have a 90% chance of approving the Doge ETF this year.

Factors like XRP owning regulated futures markets through CME XRP ETF Above the dog ETF. Seven asset managers have applied to the XRP ETF, while Doge has applied to three. this XRP Litigation It’s about to end, and this is another positive development. However, it is worth noting that the final SEC deadline for XRP and Dogecoin ETF is October 17, meaning they can be approved on the same day.

At the time of writing, Dogecoin price is trading at about $0.16, up over the past 24 hours. data From CoinMarketCap.

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