The US Securities and Trade Fee (SEC) delayed its decision-making on the proposed rule change to listing and commerce shares of Bitwise Dogecoin ETF beneath NYSE Arca. Based on the announcement by Sherry Haywood, the SEC’s assistant secretary, the company has designated June 15, 2025 as the following date the fee will make its determination on the Bitwise Dogecoin ETF.
“The fee finds it applicable to designate an extended interval inside which to take motion on the proposed rule change in order that it has ample time to contemplate the proposed rule change and the problems raised therein,” the announcement famous.
Nearer Take a look at SEC’s Playbook on Dogecoin ETF
The U.S. SEC delayed decision-making for a number of crypto ETF merchandise on Monday, led by spot XRP and Dogecoin ETFs. Based on James Seyffart, a senior ETF analyst at Bloomberg, the U.S. SEC will seemingly delay selections for spot Solana (SOL) and Hedera (HBAR) this week.
Nevertheless, Seyffart is of the opinion that the SEC, beneath the brand new management of Paul Atkins, will approve a bunch of spot crypto ETFs within the third quarter and earlier than the ultimate deadlines in mid-October.
DOGE Value Evaluation
The preliminary Dogecoin selloff anticipated within the first quarter has considerably lowered after the meme lord closed final week with a bullish outlook. The massive-cap memecoin, with a completely diluted valuation of about $26.7 billion and a 24-hour common buying and selling quantity of round $1 billion, gained over 15 p.c prior to now two weeks to commerce about $0.179 on the time of this writing.
From a technical evaluation standpoint, DOGE’s worth is well-primed to enter its worth discovery section within the coming months. Based on crypto analyst Ali Martinez, DOGE worth will regain its all-time excessive above 74 cents, if the memecoin closes April above 20 cents.
