Bloomberg analysts predict that the SEC will acknowledge XRP and Dogecoin ETF filings in the coming days, marking a significant step toward regulatory approval.
Following the SEC’s acknowledgment of Grayscale’s amended Solana ETF filing on February 6, analysts James Seyffart and Eric Balchunas believe that XRP and Dogecoin ETFs could be next. They estimate a 65% probability for XRP ETF approval and 70% for Dogecoin ETF approval, reflecting increased optimism within the crypto industry.
Major investment firms such as WisdomTree, 21Shares, and Bitwise are leading the charge in securing ETF approvals for XRP and Dogecoin.
Cboe BZX has already submitted S-1 filings for XRP ETFs from Canary Capital, WisdomTree, and 21Shares. Similarly, Dogecoin ETF applications have been filed by Grayscale and Bitwise. Analysts predict that the SEC will formally acknowledge these applications on February 13 and 14, setting the stage for further regulatory deliberations.
The SEC’s stance on digital asset ETFs continues to evolve, with increasing calls for regulatory clarity.
While Litecoin and Solana ETFs are expected to receive approval with 90% and 70% probability, according to Seyffart and Balchunas, the broader discussion on whether XRP and Dogecoin should be classified as securities or commodities remains a key hurdle. Commissioner Hester Peirce’s crypto task force is actively working on addressing this legal ambiguity, with final ETF approvals anticipated by late 2025.
With growing institutional interest and a shifting regulatory landscape, the acknowledgment of XRP and Dogecoin ETF filings could mark a turning point for crypto ETFs. As the SEC moves toward providing clearer guidelines, 2025 could see the long-awaited green light for a new wave of digital asset investment products.