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- SEC has been delayed in decisions on 21shares XRP ETF and Grayscale Dogecoin ETF to assess compliance with regulations.
- Public comments are made as part of the review process, with the extension of the review period exceeding the original deadlines.
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Today, the US Securities and Stock Exchange Committee extended its review period for Spot Crypto ETF applications from 21shares and Grayscale, and the start of official procedures to evaluate 21shares XRP Spot Etfthe Dogoin Spot Etfand Grayscale XRP Spot Etf.
SEC suspended the final dates for the original decision from 21 to 22 May to study whether the proposals meet the requirements of the exchange law, Section 6 (B) (5) to prevent fraud and protect investors.
Plan 21shares Core XRP TRUST to track the CME CF XRP-Dollar reference rate and use Coinbase Custody for storage. Dogcoin Trust from Grayscale will follow the Coindsk’s Dogecoin price index, while XRP TRUST will follow CoINDESK XRP. All three traded investment funds will issue shares in 10,000 shares and install their digital assets only.
Comment He said Such delay is routine and expected.
“A handful of Etps XRP has dates in the next few days,” he wrote. “If we see early approvals from the Supreme Education Council on any of these assets – I do not expect to see them until late June or early July as soon as possible. Most likely in the early fourth quarter.”
SEC confirmed that the procedures do not indicate their final status on requests. The agency seeks to obtain public comments within 21 days of the federal registry publication, with the submission of driving requests within 35 days.
It is updated to include XRP GRAYSCAE confidence.
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