The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision on the 21Shares Dogecoin ETF and the staking feature for the Bitwise Spot ETF.
SEC's Delayed Decision on Dogecoin ETF
The SEC has decided to postpone the review of the spot ETF application for Dogecoin from 21Shares. This decision has sparked interest within the cryptocurrency community as many investors are expecting such financial products to become available in the near future.
Nasdaq Documentation Supporting ETF
Nasdaq has filed Form 19b-4 with the SEC in support of listing a new 21Shares Spot Dogecoin ETF. According to the document, this fund offers investors indirect access to the Dogecoin market through a traditional brokerage account, reducing potential risks associated with direct access to Dogecoin.
Outlook for Altcoin Approval in 2025
Current forecasts suggest a high probability of altcoin spot ETFs, including Dogecoin, being approved in 2025. This development could significantly impact the cryptocurrency market and expand opportunities for investors.
Thus, the SEC’s delay and Nasdaq's support underscore the importance of altcoin ETFs, which may become available in the future. Investors continue to monitor these developments.
