The US Securities and Exchange Commission (SEC) has recognized crypto asset manager Grayscale's applications to list spot exchange-traded funds (ETFs) of XRP and Dogecoin.
On February 13, the SEC recognized Grayscale's applications on Form 19b-4 for the Grayscale XRP Trust and the Grayscale Dogecoin Trust, initiating the process for the agency to review and rule on these applications within a mandatory 240-day period.
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This 240-day review period will begin once Grayscale's filings are entered into the SEC's federal register, which typically occurs within a few days. If the filings are filed immediately, the SEC would have until mid-October to make a decision.
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Over the last two weeks, the SEC has also admitted ETF filings on Litecoin and Solana.