How they differ from BTC and ETH counterparts

The deployment of the new cryptographic ETF tied with Ripple’s XRP and Dogecoin (Doge) has reached delays, exposing the obstacles faced by digital assets outside Bitcoin (BTC) and Ethereum (ETH).

While both funds were expected to be milestones for their respective communities, their management for the United States stock and values ​​commission (SEC) shows that the gulf between experimental products and the most established ETF spot of BTC and ETH have already been negotiated in the country.

S but extends XRP ETF deadlines while Dege Fund faces a brief delay

On September 10, the SEC extended its review of Franklin XRP ETF, moving the final decision deadline from September 15 to November 14, 2025. The regulator cited the need for more time to evaluate comments and potential risks.

It marks the second extension since the product was presented for the first time in March, leaving 15 applications of ETF XRP in the limbo. However, even with the delay, the Polymket trainers have assigned more than 90% approval possibilities at the end of the year, which suggests that investors are still sure that Ripple will ensure their own ETF before 2025 is made.

While XRP expects clarity, attention has changed to Dogecoin. According to Bloomberg Etf analyst Eric Balchunas, the ETF of Rex-OsPrey Doge (Doje), initially destined to reach the market on September 12, it is now scheduled to launch in the middle of the week next door, probably on September 18.

The recent Santiment data show that the whales have been accumulating the MEME OG currency in anticipation of the ETF, with the participations of the wallets that contain between one and ten million Duxts reaching a maximum of four years.

Different structures, different results

The sec approach highlights a key division in how cryptographic ETFs reach the market. For example, the ETF Spot Bitcoin and Ethereum are organized as a trustees of grantors by virtue of the 1933 Securities Law. This framework of the ’33 law is now the standard of the industry for physically backed cryptographic products, but implies a long revision process that includes a formal comments period.

Meanwhile, according to industry expert James Seyffart, the Dogecoin product is structured by virtue of the 1940 investment companies law, which allows you to use a single framework as a registered investment company (RIC), which is different from the standard configuration used by the most established crypto ETFs.

Its strategy implies obtaining exposure to the spot market through a subsidiary of the Cayman Islands, a legal innovation designed to help avoid regulatory limitations. This alternative provision can allow faster and different operational marketing time, such as the ability to keep derived with specific assets.

The regulatory arbitration explains why a fund for Dogecoin, an asset originally created as a joke, could trade in the US. Uu. Before one by XRP, which has a more developed ecosystem and a legal precedent.