The US Securities and Exchange Commission (SEC) has delayed the decision on approving two proposed cryptocurrency exchange-traded funds (ETFs) holding Dogecoin and XRP, as per recent filings. The SEC has extended the deadline for ruling on the ETF listings until June, based on filings from US exchanges NYSE Arca and Cboe BZX Exchange. These filings were in response to requests in March to list Bitwise’s Dogecoin (DOGE) ETF and Franklin Templeton’s XRP (XRP) ETF. The postponement coincided with Nasdaq’s request to list a 21Shares Dogecoin ETF. Dogecoin, with a market cap of approximately $26 billion, is the most heavily traded memecoin, while XRP is the native token of the XRP Ledger network with a market cap of around $133 billion. The SEC has been inundated with requests to authorize numerous altcoin ETFs, with about 70 crypto ETFs awaiting review as of April 21. Asset managers are proposing funds holding various altcoins, including XRP, Litecoin, Solana, Doge, and more. Despite the surge in proposals, analysts believe investor demand for altcoin ETFs may not match that for core cryptocurrencies like Bitcoin (BTC) and Ether (ETH). US exchanges are supportive of crypto ETFs but are also urging the SEC to maintain strict regulatory standards for digital assets. Nasdaq, in an April 25 letter, advocated for digital assets to be held to the same compliance standards as securities if they are considered “stocks by any other name.” This delay and regulatory posture come amid efforts by the SEC to navigate the evolving cryptocurrency landscape in the US market.