The dry changes boss, and at the same time of tone. No more Gary Gensler refractory to cryptocurrencies, make way for a more conciliatory temporary worker and Trump-compatible. Result ? The dry is finally ready to examine the requests of ETF Crypto, in particular those of Dogecoin and XRP, proposed by Grayscale. An evolution which does not necessarily announce immediate approval, but which opens a boulevard of hopes for investors in search of new financial products.
Dry pressure to decide on the Dogecoin and XRP ETF
Grayscale, author of an ETF Solana Historique, has just seen his requests from ETF Dogecoin and XRP officially recognized by the SEC, marking the beginning ofA 240 -day administrative marathon. The deadline to decide? Mid-October. Suffice to say that the agenda of the American financial gendarme is full.
But what does this “Recognition” of the dry ? Clearly, the agency no longer sweeps these requests from a back of hand, unlike the people Era where even a vague intention of deposit was enough to cause an end of inadmissibility.
This development is part of a broader context where the dry, under Trumpian influence, now seems more open to digital assets.
Bloomberg, via his analysts James Seyffart and Eric Balchunas, also attributes 65 % chance for the approval of an XRP ETF and 75 % to that of an ETF Dogecoin before the end of 2025. Litecoin's performance is even more promising, with an estimated 90 % probability for this year.
Dogecoinoften perceived as a same, could see his course facilitated by its similarities with Bitcoinwhich already benefits from ETF. XRP, on the other hand, still drags a heavy legal passive: its security status remains disputed by the SEC, despite a partial victory of Ripple in 2023.
As long as this litigation is not fully adjusted, the validation of an XRP ETF remains hypothetical.
Towards a clearer crypto regulation?
The dry, formerly hostile to cryptos under peopleler, now adopts A more open approach And promises clear regulation. A few months ago, ETF Solana's requests were purely and simply rejected. Today, not only are they studied, but they could lead to approvals.
Even Eleanor Terrett, specialized journalist, underlines the importance of this recognition:
“” This does not guarantee approval, but it proves that the dry no longer rejects these products from the start. »»
This change of course is also explained by the pressure from major asset managers and financial institutionss. Grayscale has already forced the dry to review his copy on Bitcoin, after a trying legal battle.
It is therefore a safe bet that other actors will follow this same path if necessary.
The probabilities of approval of the Crypto ETF according to Bloomberg:
- Litecoin: 90 % (by the end of 2025);
- Dogecoin: 75 % (before the end of 2025);
- Solana: 70 %;
- XRP: 65 %.
It remains to be seen whether this opening will last over time or if a regulatory stick return will slow down this dynamic. As much as The dry has still not clarified its position on certain assets like XRP or Solana.
A step forward, of course, but the path to the total recognition of the Crypto ETF is still strewn with pitfalls.
Finally, it should not be forgotten that the departure of peopleler has not lightened the workload of the dry. On the contrary: the requests of ETF Crypto pile up on the regulator offices, from Dogecoin to Solana via XRP. The Crypto ETF soap opera has only just started.
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