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coinpedia 2025-04-29 19:21:08

U.S. SEC. Delays Decision on Bitwise Dogecoin ETF Until June 15

U.S. SEC. Delays Decision on Bitwise Dogecoin ETF Until June 15

The post U.S. SEC. Delays Decision on Bitwise Dogecoin ETF Until June 15 appeared first on Coinpedia Fintech News Wall Street analysts project that the U.S. SEC will approve a bunch of spot crypto ETFs possibly before the end of the third quarter. Dogecoin price has hinted at an imminent rally towards its all-time high in the near future. The United States Securities and Exchange Commission (SEC) delayed its decision-making on the proposed rule change to list and trade shares of Bitwise Dogecoin ETF under NYSE Arca. According to the announcement by Sherry Haywood, the SEC’s assistant secretary, the agency has designated June 15, 2025 as the next date the commission will make its decision on the Bitwise Dogecoin ETF. “The commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the announcement noted . Closer Look at SEC’s Playbook on Dogecoin ETF The U.S. SEC delayed decision-making for several crypto ETF products on Monday, led by spot XRP and Dogecoin ETFs. According to James Seyffart, a senior ETF analyst at Bloomberg, the U.S. SEC will likely delay decisions for spot Solana (SOL) and Hedera (HBAR) this week. However, Seyffart is of the opinion that the SEC, under the new leadership of Paul Atkins, will approve a bunch of spot crypto ETFs in the third quarter and before the final deadlines in mid-October. Agreed. i personally think the odds of a bunch of these crypto ETPs getting approved in late June or into July is fairly decent. Idk if its my 'base case' but GDLC's conversion is due early July. I could see this SEC just signing off on a whole bunch around that same time. — James Seyffart (@JSeyff) April 29, 2025 DOGE Price Analysis The initial Dogecoin selloff expected in the first quarter has significantly reduced after the meme lord closed last week with a bullish outlook. The large-cap memecoin, with a fully diluted valuation of about $26.7 billion and a 24-hour average trading volume of around $1 billion, gained over 15 percent in the past two weeks to trade about $0.179 at the time of this writing. If #Dogecoin $DOGE can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest. pic.twitter.com/ky88B6XFZy — Ali (@ali_charts) April 28, 2025 From a technical analysis standpoint, DOGE’s price is well-primed to enter its price discovery phase in the coming months. According to crypto analyst Ali Martinez, DOGE price will regain its all-time high above 74 cents, if the memecoin closes April above 20 cents.

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