SEC approves GrayScale's Ripple and Dogecoin ETFs. Bloomberg analysts estimate high chances of approval.
The Securities and Exchange Commission (SEC) has initiated the review process for GrayScale’s requests to launch Exchange-Traded Funds (ETFs) based on Ripple (XRP) and Dogecoin (DOGE). The regulatory body announced on February 13 that a 240-day review and final decision period will begin after the requests were filed with the Federal Register. Bloomberg analysts have estimated a 65% and 70% chance of approval for the Ripple and Dogecoin ETFs, respectively.
