So, the U.S. Securities and Exchange Commission (SEC) has decided to pause the grand debut of crypto ETFs for Ripple’s XRP and Dogecoin (DOGE). Because clearly, when it comes to digital assets, some get red carpet treatment (looking at you, Bitcoin and Ethereum), while others get politely ghosted.
These ETF launches were supposed to be big wins for their fan clubs-XRP holders humming “Eye of the Tiger,” and Dogecoin enthusiasts probably busy searching for the nearest Shiba Inu meme. But the SEC seems to think these guys are more “experimental art project” than “investment vehicle,” and they’re treating them accordingly.
News Flash: The SEC Is Running On Dogecoin Time 🐶⏳
On September 10, the SEC announced it’s pushing back the Franklin XRP ETF deadline-not just once, but twice-now expecting to decide by November 14, 2025. Because why rush when you can play hard-to-get for over two years? Meanwhile, there are 15 XRP ETF applications sitting in limbo like they’re waiting for a table at the hottest club in town.
Despite this bureaucratic cliffhanger, Polymarket bettors are basically shouting, “It’s a done deal!” with more than a 90% chance pegged for approval by year’s end. Optimism in crypto markets: bulletproof or just willful ignorance? You decide.
Meanwhile, Dogecoin’s ETF saga is slightly sped up-or maybe it’s just caught in a cosmic joke. Originally set to launch on September 12, the Rex-Osprey DOGE ETF is now pushing to drop around September 18. Because when you’re dealing with memes, timing is everything.
Big wallets-whales, as the cool kids say-have been scooping up DOGE like it’s the last slice of pizza at a party. Wallets holding between one and ten million DOGE recently hit a four-year high. Maybe they’re just prepping for a moon mission? Or hoarding for a rainy day in Doge Land.
Different Rules, Same SEC Drama 🎭
The SEC’s mixed signals are a masterclass in regulatory gatekeeping. Bitcoin and Ethereum ETFs strutted in under the cozy blanket of the Securities Act of 1933 (sounds ancient because it is). This framework requires a formal comment period and a painfully slow review. But hey, better safe than sorry or bored out of their minds.
Dogecoin’s ETF, by contrast, took a detour through the Investment Company Act of 1940, setting up shop as a Registered Investment Company. Fancy! It even uses a Cayman Islands subsidiary-because nothing says “serious financial innovation” like a tropical tax haven getaway plan.
This crafty legal move lets Dogecoin’s fund skirt some rules, trade derivatives alongside spot assets, and possibly show up at the party before XRP, which has a bigger fan base and less of a “dog ate my homework” vibe. In other words, a joke coin might just beat a semi-serious crypto at the finish line. But hey, welcome to the wild west of finance.
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2025-09-12 18:32