Whispers of progress are echoing through the corridors of the crypto world. Recent developments suggest that the possibility of spot XRP and Dogecoin ETFs is closer than ever, as US exchanges quietly align their rulebooks. This maneuvering hints at a potential endgame in the race to standardize how these financial products are listed, expanding the market beyond the familiar territory of Bitcoin and Ethereum.
Behind the Scenes Moves
Industry insiders are buzzing with speculation. Nate Geraci, chairman and president of The ETF Store, took to platform X (formerly known as Twitter) to voice a sentiment shared by many in the crypto community. Geraci noted a palpable shift in the air, as issuers and exchanges appear to be aligning their strategies in anticipation of regulatory green lights. “Major players in the space are making strategic adjustments,” he observed, pointing to the subtle yet significant changes in rule filings. This aligns with recent developments where SEC, CFTC-Registered Exchanges Receive Blessing to Facilitate Spot Crypto Trading, indicating a broader acceptance of crypto products.
These behind-the-scenes moves are not entirely surprising to those who have been following the crypto ETF saga. The Securities and Exchange Commission (SEC) has long been the gatekeeper in this arena, with its cautious approach often stalling progress. Yet, the current landscape suggests a softening of this stance, as the agency seems more receptive to diversifying the ETF offerings beyond the giants of Bitcoin and Ether.
Market Implications and Reactions
The prospect of spot XRP and Dogecoin ETFs has not gone unnoticed by the market. Crypto enthusiasts and investors alike are eyeing these developments with a mix of excitement and skepticism. For XRP, this could mean a resurgence in investor interest, especially given its tumultuous history with regulatory bodies. This is further underscored by XRP’s recent rise to prominence, as detailed in XRP Becomes Top 3 Coin on Major US Exchange Kraken’s Top Crypto List. Dogecoin, often seen as the meme coin that could, might find itself catapulted into the limelight once again.
Analyst Jordan Hutton of Crypto Insights believes that the introduction of these ETFs could be a game-changer for altcoins. “We’re potentially looking at a broadening of the market that could bring in a wave of new investors,” he explains. “These ETFs could legitimize assets that have been on the fringe, offering them a seat at the big table.”
However, it’s not all smooth sailing. Some experts caution that the road to approval is fraught with challenges, not least of which is the SEC’s historically stringent criteria. The agency’s focus on investor protection and market integrity means that any new ETF must meet high standards of transparency and security.
Historical Context and Future Outlook
The evolution of crypto ETFs has been a slow march, punctuated by numerous rejections and occasional breakthroughs. Initially, Bitcoin ETFs faced significant hurdles, with concerns about market manipulation and liquidity often cited as sticking points. It wasn’t until late 2023 that the first Bitcoin spot ETF finally received approval, paving the way for other assets to follow.
Now, with XRP and Dogecoin potentially on the cusp of similar breakthroughs, the crypto landscape could be set for another transformation. The ramifications are vast—these ETFs could provide traditional investors with easier access to the crypto market, thereby increasing liquidity and potentially stabilizing these volatile assets.
Looking ahead, the question remains: will the SEC give the green light? And if so, when? The market is poised on the edge of its seat, with many predicting that 2025 could be the year of new beginnings for these altcoins. Yet, as with all things in the crypto world, uncertainty is the only certainty.
In the coming months, all eyes will be on the SEC and the exchanges to see if whispers transform into action. Whether these potential ETFs will herald a new era of acceptance and growth for XRP and Dogecoin—or merely another chapter in an ongoing saga—remains to be seen. For now, the crypto community watches and waits, ever hopeful.
Source
This article is based on: Secret Talks Hint At Spot XRP And Dogecoin ETFs Closer Than Ever
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
