SEC Acknowledges Grayscale’s XRP ETF and DOGE ETF Initiatives

Ripple’s XRP is making headlines after the SEC acknowledged Grayscale’s proposal to convert its XRP Trust into an ETF. While this doesn’t mean approval is guaranteed, it’s a major step forward, especially under the new SEC leadership. Bloomberg analysts Eric Balchunas and James Seyffart believe there’s now a 65% chance of an XRP ETF getting the green light, which could bring a fresh flood of institutional money into the token.

But it’s not just XRP in the spotlight—Dogecoin is also in the ETF race. The SEC acknowledged the New York Stock Exchange (NYSE) 19b-4 filing for both XRP and Dogecoin ETFs, marking the start of the review process. Analyst James Seyffart shared the news on X, emphasizing that this was expected but is still an important milestone. His post highlights that the “clock” for a decision has officially started for both XRP and Dogecoin.

With Dogecoin being the eighth-largest cryptocurrency, its ETF could be a game-changer, pushing the meme coin into mainstream finance. Whereas XRP ETF will boost XRP adoption and price. The SEC has now invited public comments on Grayscale’s Dogecoin ETF proposal, with responses due within 21 days. After that, the agency will decide whether to approve, reject, or extend the decision-making process.

But Jeremy Hogan says, the realistic timeline to approve S1 ETF fillings would be 8-12 months. 

What This Means for Ripple

The acknowledgment of an XRP ETF filing comes as Ripple is still battling the SEC in court. Many believe that if the SEC approves an XRP ETF, it could signal the end of Ripple’s legal troubles. Some experts even speculate that XRP could be classified as not a security, clearing a massive hurdle for its future.

Ripple CEO brad garlinghouse brad garlinghouse Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, he is an extremely popular name across the global crypto landscape. He has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. He joined Ripple as COO in April 2015, answering to the CEO and prime supporter, Chris Larsen. He was elevated to CEO in December 2016. Initially, he worked at AOL and Yahoo! From 2003 to 2008, he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Courier divisions. While at Yahoo!, he wrote an inner update known as the “Peanut Butter Manifesto,” requiring the organization to zero in on its core business instead of extending itself excessively far, much like peanut butter.
Details:
Organization: RippleLocation: United StatesEducation: MBA from Harvard Business School and BA from The University of KansasSkills: Venture capital and Startups
Experience:
CEO at Ripplefrom from Jan 2017 – Present ·President and COO at Ripple logo from Apr 2015 – Dec 2016Board Member at Animoto from 2012 – Dec 2017Tonic Health, an R1 company logoBoard Member at Tonic Health from 2011-2016Board Member at Ancestry from 2013 – 2016CEO at Hightail from May 2012 – Sep 2014
FAQs
Who is Brad Garlinghouse?The CEO of Ripple, a financial technology business that specializes in blockchain technology and the cryptocurrency XRP, is Brad Garlinghouse. He has played a significant role in advancing cross-border payments using blockchain technology.What is Brad Garlinghouse’s role at Ripple?Garlinghouse is in charge of Ripple’s expansion and strategic direction in his capacity as CEO. Ripple has concentrated on using blockchain technology to enhance international payment networks under his direction. EntrepreneurInvestorChief Executive OfficerBoard Member reacted to the news, calling an XRP ETF “inevitable.” He has long believed this would happen, and now, the SEC’s acknowledgment makes it feel closer to reality. Ripple President Monica Long also expressed confidence that XRP is next in line for ETF approval. 

Meanwhile, Analyst Nate Geraci weighed in, stating that the SEC’s move signals a big shift in sentiment toward XRP, despite Ripple’s legal challenges. Optimism is growing as the SEC under its new administration appears to be scaling back its aggressive crypto enforcement. 

Moreover, the SEC is expected to acknowledge other XRP ETF filings from Bitwise, Canary Capital, WisdomTree, and 21Shares. Once listed in the federal register, a 240-day window begins for the agency to decide on approval. 

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XRP Current Market Sentiment

XRP is already up 4% since the news broke, currently testing resistance at $2.55. If it breaks past $2.72 and flips it into support, it could confirm a rounded bottom pattern, pushing prices toward $3.15. Technical indicators like the RSI and MACD are crossed above the moving average suggesting a bullish sign. However, if XRP faces rejection at key levels, a drop to $2.26 could be on the cards. 

With both XRP and Dogecoin ETFs now in play, the big question remains—which one will get approved first? If XRP wins, it could mark a new era for the token and the entire crypto market.