XRP News: XRP & Dogecoin ETFs Under SEC Review – Who Will Win First Approval?

Ripple’s XRP is making headlines as the SEC acknowledges Grayscale’s proposal to convert its XRP Trust into an exchange-traded fund (ETF). While this doesn’t guarantee approval, it’s an important step forward, especially under the SEC’s new leadership.

Bloomberg analysts Eric Balchunas and James Seyffart estimate a 65% chance of an XRP ETF getting approved, which could bring in major institutional investment.

XRP and Dogecoin Join the ETF Race

XRP isn’t the only crypto in the spotlight. Dogecoin has also entered the ETF race after the SEC acknowledged the New York Stock Exchange (NYSE) 19b-4 filing for both XRP and Dogecoin ETFs. This marks the start of the official review process.

Analyst James Seyffart shared the news on X, noting that while this was expected, it remains a key milestone. The SEC’s acknowledgment means the countdown for a decision has now begun.

If approved, a Dogecoin ETF could push the meme coin further into mainstream finance, while an XRP ETF would likely boost adoption and price. The SEC has also 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 timeline.

When Will the SEC Make a Decision?

Legal expert Jeremy Hogan predicts that the SEC could take between 8 to 12 months to approve any S-1 ETF filings. This means investors may have to wait before getting a final decision.

The acknowledgment of an XRP ETF comes as Ripple continues its legal battle with the SEC. Many believe an approval could be a turning point, possibly signaling the end of Ripple’s legal troubles. Some experts even suggest that if the SEC allows the fund, it could mean XRP is no longer considered a security, clearing a major hurdle for its future.

Ripple’s CEO Says an XRP ETF is Inevitable

Ripple CEO brad garlinghouse brad garlinghouse Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, in 2012 by Chris Larsen and Jed McCaleb, and has a headcount of 1,120. It is a financial technology business that specializes in blockchain technology and the cryptocurrency XRP, founded by Brad Garlinghouse. He also played a unique and significant role in creating an advanced cross-border payment using blockchain technology. He is an extremely popular person across the globe in the crypto landscape. Brad has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. Joined Ripple as COO.  He was promoted to be the CEO in December 2016. Initially, he worked at AOL and Yahoo! where 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 also wrote an inner updated version known as the Peanut Butter Manifesto, requiring the organization to zero in on its core business instead of expanding itself. He is one of the Top Speakers in the Crypto and Blockchain field, where he shares the knowledge and evolvement of the technology in the current space    Quick Facts Full Name Bradley Kent Garlinghouse Birth 06-02-1971, in Topeka, Kansas Nationality American Education Bachelor's degree in Economics, MBA from Harvard Business School. Net Worth $10B (Refer here)   Ripple's native token, XRP is among the top digital assets. As per CoinGape, Brad's company has $100 billion worth of XRP tokens in its reserve. This will help further innovation in Web3 and blockchain projects. As per reports surfing on Binance’s blog, Brad Garlinghouse may step down as CEO of Ripple to join the Crypto Advisory Council, which is led by President Trump. This significant event will boost the adoption of decentralized finance and blockchain growth.   Brad Garlinghouse: Trivia 2007: Served as Senior VP at Yahoo!, heading communications and consumer products. 2012: Became CEO of Hightail, leading digital file-sharing innovations. 2015: Joined Ripple as COO to push blockchain adoption in cross-border payments. 2017: Became CEO of Ripple, driving XRP adoption and blockchain partnerships. 2020: Led Ripple’s defense against the SEC lawsuit over XRP’s security status. 2021: Expanded Ripple’s ODL (On-Demand Liquidity) network for global crypto payments. 2023: Got a partial success against the SEC, declaring XRP as not a security. 2024: Continue leading Ripple in CBDC collaborations and global blockchain finance. 2025: May join Trump's Crypto Advisory Council to set regulations.   Notable Works & Achievements by Brad Garlinghouse Year Achievements Details 2003 Wrote the 'Peanut Butter Manifesto' at Yahoo! Highlighted Yahoo!'s lack of focus in operations. 2015 Joined Ripple as Chief Operating Officer Took measures to integrate blockchain technology into banking systems. 2017 Appointed CEO of Ripple Expanded Ripple's global partnerships, enhancing cross-border payment solutions. 2020 Named in Forbes' List of Wealthiest in Cryptocurrency Recognized for significant contributions to the crypto industry. 2023 Legal Victory in SEC vs. Ripple Case Achieved a favorable ruling impacting cryptocurrency regulations.   EntrepreneurInvestorChief Executive OfficerBoard Member responded to the news by calling an XRP ETF “inevitable.” He has long maintained that this development would happen, and the SEC’s recent move makes it seem closer than ever. Ripple President Monica Long also expressed confidence, saying XRP could be next in line for ETF approval.

Analyst Nate Geraci believes the SEC’s decision shows a shift in attitude toward XRP, despite Ripple’s ongoing legal challenges. Optimism is growing as the SEC, under its new leadership, seems to be easing its aggressive stance on crypto enforcement.

The SEC is also expected to acknowledge additional XRP ETF filings from firms such as Bitwise, Canary Capital, WisdomTree, and 21Shares. Once these filings are listed in the Federal Register, the SEC will have 240 days to make a decision.

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XRP Price Outlook: Where Is It Headed?

Following the ETF news, XRP has gained 4 percent and is currently testing resistance at $2.55. If it breaks above $2.72 and turns that level into support, it could confirm a rounded bottom pattern and push prices toward $3.15.

Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a bullish trend, with both indicators moving above key averages. However, if XRP fails to hold key levels, a drop to $2.26 is possible.

Which ETF Will Be Approved First – XRP or Dogecoin?

With both XRP and Dogecoin in the running, the big question is which one will get SEC approval first. If XRP wins, it could mark a new era for the token and set the stage for broader crypto adoption.