XRP vs Dogecoin: Which Cryptocurrency Is Closer to ETF Approval?

XRP vs Dogecoin: Grayscale’s Bold Move and What It Means for Crypto Investors

XRP vs Dogecoin – On February 14, 2025, the U.S. Securities and Exchange Commission (SEC) officially acknowledged filings from Grayscale for the listing of spot XRP and Dogecoin exchange-traded funds (ETFs). This marks the beginning of a 240-day review process for these applications, which could have significant implications for the crypto market.

SEC’s 240-Day Review Timer

The SEC’s acknowledgment of Grayscale’s Form 19b-4 filings for the Grayscale XRP Trust and Grayscale Dogecoin Trust sets in motion the 240-day review period. This countdown will begin once the filings are published in the SEC’s federal register, a process expected to occur within days. If this happens soon, the SEC’s final decision would be due by mid-October 2025.

Shift in SEC’s Stance on Crypto ETFs

The SEC’s recent move to review Grayscale’s filings follows similar actions over the past two weeks, including applications for Litecoin (LTC) and Solana (SOL) ETFs. This shift signals a potential change in the SEC’s approach under new leadership compared to the policies enforced under former SEC Chair Gary Gensler. Under Gensler’s leadership, Solana ETF applications were rejected, and Grayscale was forced to take legal action to challenge the SEC’s refusal to convert its Bitcoin trust into an ETF.

Analysts’ Predictions on ETF Approval Chances

Bloomberg ETF analysts, James Seyffart and Eric Balchunas, have shared their predictions for the likelihood of XRP and Dogecoin ETF approvals. They estimate a 65% chance for XRP and a 75% chance for Dogecoin ETFs to gain approval by 2025. They also gave 90% odds for Litecoin ETF approval before the end of the year.

XRP’s Legal Challenges and Dogecoin’s Simpler Path

Despite the optimism around XRP, questions about its security status remain unresolved. The SEC’s ongoing lawsuit against Ripple Labs could delay approval for an XRP ETF. However, Dogecoin is on a more straightforward path toward potential approval, as the SEC has yet to classify it as a security. Since Dogecoin shares several traits with Bitcoin, which already has SEC-approved ETFs, this could work in its favor.

As the SEC moves forward with its review, the cryptocurrency industry will be watching closely, particularly for the resolution of XRP’s legal situation and the broader regulatory environment for crypto-related ETFs.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.