Dogecoin and Ripple ETFs are pressed by the SEC again. Is the "upper dream" of altcoins too difficult?
The SEC took action again, postponing the approval of Dogecoin (DOGE) and Ripple (XRP) spot ETFs applied for by Bitwise and Franklin, and the time point was postponed to June this year.
At the same time, 21Shares also applied for Dogecoin ETF to prepare to log in to Nasdaq, but it also fell into "shelf".
At the market value level, these two are quite a bit:
DOGE ≈ 26 billion US dollars, XRP ≈ 130 billion US dollars, is a first-tier copycat in the crypto circle, but this does not help them pass the review more easily.
The reality is
SEC received more than 70 altcoin ETF applications this year, but most traditional investors are still focusing on Bitcoin
After all, Bitcoin is "digital gold", with recognition, risk aversion attributes, and clear logic; while altcoins are popular and narrative, but "lack of consensus".
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