Key Insights:
- SEC has 240 days to decide on XRP and Dogecoin ETFs.
- Dogecoin has a 75% approval chance, while XRP’s stands at 65%.
- Approval could trigger institutional inflows, boosting XRP and DOGE prices.
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the Grayscale XRP and DOGE ETF filings. This acknowledgment kicked off a review process that could have a lasting impact on the crypto market.
It sets the stage for a decision within 240 days. That could potentially pave the way for the first-ever XRP and DOGE ETFs.
With analysts assigning a 75% chance of approval for Dogecoin and a 65% probability for XRP, speculation is mounting. Investors are now wondering: Could an SEC approval on Grayscale ETF filings send these tokens surging?
XRP and DOGE ETFs Face a Long Road to Approval
Grayscale’s push to list spot XRP and Dogecoin ETFs follows its successful legal battle. This battle forced the SEC to reconsider its Bitcoin Trust conversion into an ETF. The firm’s new filings, officially acknowledged on February 13, signal a shift in the SEC’s handling of altcoin ETFs.
Previously, the SEC under Gary Gensler had rejected multiple ETF applications, forcing projects to challenge these decisions in court. However, the agency recently acknowledged the Solana and Litecoin ETFs.
With this approach, the SEC seems to be re-evaluating its stance on altcoin-based investment products. Once these filings are entered into the federal register, the SEC will have up to 240 days to decide. This means a verdict is likely by mid-October.
Will XRP and DOGE Prices Explode? Analysts Weigh In
The SEC’s acknowledgment of the Grayscale ETF filings comes at a volatile time for both assets. Since January 18, Dogecoin price has dropped over 35%, sparking fears that the meme coin’s bullish phase may be over.
However, analyst Trader Tardigrade remains optimistic. He suggests that DOGE is still in a long-term bull market despite its short-term struggles.
He argued that historical data shows DOGE typically experiences rapid surges after temporary corrections. Therefore, there is still a chance for a breakout to $2.2.
Similarly, XRP has been battling key support levels. The recent movements suggest the token is still trying to establish a clear direction. Analyst EGRAG Crypto highlighted that XRP must hold above $2 to remain in a bullish structure.
If it stays above $2.21 and reclaims $3.40, XRP could break out towards higher targets. However, the market could turn bearish if it falls below $1.74.
Adding fuel to the fire, Bloomberg ETF analysts James Seyffart and Eric Balchunas predicted chances of approval over Grayscale ETF filings. Per them, there is a 65% chance of an XRP ETF approval and a 75% chance for Dogecoin before the end of 2025.
If these ETFs get the green light, institutional money could flood into these assets, increasing prices.
What Could Happen Next with Grayscale ETFs? The SEC Faces Pressure to Approve
With the 240-day review period now underway, the crypto community is watching closely. The SEC is under increasing pressure to approve these ETFs, especially as its stance on crypto regulation shifts under Trump.
Under former SEC Chair Gary Gensler, the agency repeatedly rejected Solana and other altcoin ETF applications. The agency argued that the market lacked sufficient oversight.
However, with the approval of Bitcoin and Ethereum ETFs, the SEC’s justification for denying other crypto ETFs is weakening. Institutional investors could flood these assets if it approves the XRP and Doge ETF, increasing demand and increasing prices.
However, if the SEC denies the applications of Grayscale, XRP and DOGE prices could fall. This may occur as traders lose faith in cryptocurrency’s regulatory progress.
The countdown has begun, and mid-October could be a turning point for both XRP and DOGE. Will the XRP and DOGE ETF become the next big thing in crypto? The market is bracing for impact.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
