**Bitwise and Grayscale Launch XRP & Dogecoin ETFs Despite SEC Delay**
Bitwise and Grayscale are moving ahead with plans to launch crypto exchange-traded funds (ETFs) tracking XRP and Dogecoin, despite delays and regulatory silence from the U.S. Securities and Exchange Commission (SEC). Both firms have publicly disclosed the management fees for their ETFs even without official SEC approval, adopting an unconventional approach by listing their products without waiting for the agency’s sign-off.
### Bitwise’s XRP ETF Moves Forward Amid SEC Uncertainty
Bitwise plans to launch its XRP ETF with a management fee of 0.34%. This move comes amid ongoing SEC regulatory silence caused in part by the U.S. government shutdown. Bitwise is following a strategy similar to its recent Solana ETF launch, which experienced strong inflows on its first day of trading.
The current crypto ETF market is experiencing increased activity, and Bitwise is leveraging this momentum. The government shutdown has limited the SEC’s ability to review and approve new filings, which has created an opening for firms like Bitwise to bypass traditional delays.
Using new SEC listing standards, Bitwise aims to list the XRP ETF without requiring direct SEC approval. The firm’s previous ETF launches, such as the Solana ETF that raised $56 million on debut, serve as encouraging benchmarks. Bitwise expects that its XRP ETF will tap into similar market enthusiasm. If successful, this could set a precedent for faster crypto ETF launches, even amid regulatory uncertainty.
### Grayscale’s Dogecoin ETF Follows a Similar Path
Grayscale has also adopted a proactive approach by filing to launch both XRP and Dogecoin ETFs. The firm disclosed a management fee of 0.35% for these products. Like Bitwise, Grayscale is navigating the ambiguous regulatory environment to bring its crypto ETFs to market.
Grayscale’s decision to launch without SEC approval follows its previous strategy with the Solana ETF, which it listed prior to receiving the SEC’s greenlight. The Dogecoin ETF aims to capitalize on growing investor interest in crypto-based ETFs, reflecting increasing demand for alternative investment products.
This approach aligns with a broader trend in the crypto sector, where new SEC listing rules allow ETFs to move forward as long as the S-1 registration statement is filed, without requiring formal SEC sign-off.
### Crypto ETFs Gain Momentum Amid Regulatory Changes
Both Bitwise and Grayscale are part of a larger movement of firms launching crypto ETFs despite regulatory uncertainties. The SEC’s updated procedures for approving crypto ETFs have paved the way for faster listings.
While the SEC has yet to provide final approval for these products, it has clarified that ETFs meeting listing requirements may be listed automatically. This evolving landscape could soon reshape digital asset investing.
With new crypto ETF products from Bitwise, Grayscale, and others entering the market, billions in new capital could flow into these assets in the near future. As these ETFs launch, they may represent a turning point in the investment space, granting firms greater freedom to innovate despite ongoing challenges posed by the SEC and government shutdowns.
https://coincentral.com/bitwise-and-grayscale-push-ahead-xrp-and-dogecoin-etfs-set-to-launch-without-sec-approval/