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The SEC&#8217;s delay in ETF decisions highlights ongoing regulatory scrutiny, 
impacting investor sentiment and the crypto market&#8217;s maturation.
The post SEC pushes back decision on spot XRP ETF from Franklin Templeton 
appeared first on Crypto Briefing.

SEC pushes back decision on spot XRP ETF from Franklin Templeton

The United States exchange Nasdaq has asked regulators for permission to list 
a 21Shares exchange-traded fund (ETF) holding the popular memcoin Dogecoin, 
regulatory filings show.
The move follows 21Shares&#8217; April 10 filing of its initial proposal to launch 
its Dogecoin ETF, shortly after similar applications from rivals Bitwise and 
Grayscale. The asset manager has also sought regulators&#8217; permission to list 
ETFs holding other cryptocurrencies, including Solana (SOL), XRP (XRP), and 
Polkadot (DOT).
Nasdaq must gain approval from the Securities and Exchange Commission (SEC) 
before it can list and trade the fund. The request amounts to a regulatory 
review process that could determine whether Dogecoin becomes accessible to a 
broader range of investors through an ETF structure.
_Crypto ETFs scheduled for SEC review. Source:__Eric Balchunas/Bloomberg_
 _**Related:**__**21Shares files for spot Dogecoin ETF in the US**_
## Onslaught of altcoin ETFs
Fund issuers requested to list dozens of altcoin ETFs after US President 
Donald Trump instructed the SEC to take a friendlier stance toward 
cryptocurrencies after his second term began in January.
As of April 21, more than 70 crypto ETFs were awaiting the SEC&#8217;s review. The 
list includes alternative layer-1 (L1) native tokens, such as SOL and Sui 
(SUI), as well as memecoins such as Bonk (BONK) and Official Trump (TRUMP).
While exchanges such as Nasdaq seek to list more crypto ETFs, they are also 
pushing for firmer US regulatory oversight of digital assets. In an April 25 
comment letter, Nasdaq urged the SEC to hold digital assets to the same 
regulatory standards as securities if they constitute &#8220;stocks by any other 
name.&#8221;
_Dogecoin network metrics. Source:__Bitinfocharts.com_
## Dogecoin utility
Dogecoin (DOGE) is a popular memecoin with a market capitalization of nearly 
$26 billion as of April 29, according to CoinGecko.
It is distinct from most other memecoins because DOGE is the native token of 
the Dogecoin network. 
The proof-of-work blockchain network is designed as a faster, cheaper 
alternative to Bitcoin (BTC) for peer-to-peer payments. 
It processed more than 40,000 transactions in the past 24 hours, according to 
data from Bitinfocharts.com.
In September 2024, blockchain developers QED Protocol and Nexus tipped plans 
to launch a layer-2 (L2) scaling solution designed to bring smart contracts to 
Dogecoin.
_**Magazine: **__**Altcoin season to hit in Q2? Mantra &#8216;s plan to win trust: 
Hodler&#8217;s Digest, April 13 &#8211; 19**_

Nasdaq files to list 21Shares Dogecoin ETF

U.S. Treasury Secretary Scott Bessent, the 79th Secretary of the Treasury, 
addressed trade tensions with China during a White House press conference, 
emphasizing that Beijing faces severe economic consequences if tariffs remain 
high. ‘Certainty Not Necessarily Good’: Bessent Defends Strategy Amid Stock 
Market Stall Amid efforts to highlight President Trump’s policy achievements 
during his second […]

Markets Waver as US Treasury Chief Talks Tough on China Trade Risks

Cboe Global Markets is expanding its offering of crypto-based derivatives with 
the launch of its new Bitcoin product on the Cboe Futures Exchange. Cboe, a 
leading derivatives and securities trading and investment solutions provider, 
announced trading for its new Bitcoin (BTC)…

Cboe launches cash-settled Bitcoin Index futures

Space and time introduces its foundation, which will focus on grants and 
ecosystem scaling.