SEC Delays Spot ETF Decisions for Dogecoin and XRP, Shifting Trader Focus to New Projects Like Nexchain

Published: 2025-05-31 14:21:14 |

Nasdaq and 21Shares filed an application with the U.S. Securities and Exchange Commission (SEC) for a spot Dogecoin (DOGE) ETF, signaling growing demand for diversified crypto ETFs among institutional and retail investors. However, the SEC has delayed its decision on both DOGE and XRP spot ETFs, citing the need for more thorough reviews of anti-fraud and investor protection measures. The next decision date is now set for June 17, 2025. This move highlights the regulator’s cautious approach toward altcoin ETFs, particularly for volatile or speculative assets like meme coins, in contrast to previously approved Bitcoin and Ethereum spot ETFs. The market’s uncertainty around DOGE and XRP ETFs has led traders and investors to direct their attention toward innovative, utility-focused blockchain projects, such as Nexchain—a Layer-1 protocol featuring artificial intelligence, cross-chain compatibility, and low fees. Nexchain’s presale has already raised over $3.5 million, drawing investor interest thanks to verified credentials and a potential price appreciation. For crypto traders, the SEC’s decision underlines persistent regulatory risks for altcoin ETFs, increasing short-term uncertainty for DOGE and XRP prices, while creating potential opportunities in emerging blockchain projects with robust fundamentals.

Bearish

The SEC’s decision to delay spot ETF rulings for Dogecoin (DOGE) and XRP introduces increased regulatory uncertainty for both cryptocurrencies, likely leading to bearish sentiment among traders in the short term. Approval of such ETFs historically brings significant capital inflows and price appreciation, as seen with Bitcoin and Ethereum; the delay, by contrast, may dampen institutional and retail appetite for DOGE and XRP until further clarity emerges. Additionally, this regulatory stance may redirect investment flows toward innovative blockchain projects like Nexchain, decreasing near-term demand and positive momentum for the affected altcoins.