Key takeaways
- The U.S. SEC has delayed selections on the XRP and Dogecoin spot ETF proposals and has requested for public enter.
- Bitcoin Pepe rallies increased as buyers look to catch the following massive memecoin.
SEC delays XRP and Dogecoin ETF selections. Will it approve altcoin ETFs quickly?
The USA Securities and Alternate Fee (SEC) delayed selections on spot XRP and Dogecoin exchange-traded funds (ETFs) on Tuesday. The regulator additionally requested for public feedback for the 21Shares Core XRP Belief, the Grayscale XRP Belief, and the Grayscale Dogecoin Belief.
The regulator permitted the Bitcoin and Ethereum spot ETFs final yr. Nonetheless, it has but to approve different altcoin ETF purposes since then. Presently, the SEC is reviewing ETF proposals permitting buyers to buy funds monitoring the efficiency of assorted altcoins, together with XRP, Dogecoin, Solana, Polkadot, SUI, Litecoin, BNB, and Chainlink.
Regardless of its latest delay, analysts are optimistic that the SEC will approve different ETF purposes. Bloomberg Intelligence ETF analyst James Seyffart acknowledged that the SEC will seemingly approve the ETFs within the fourth quarter of the yr.
Delays on spot crypto ETFs are anticipated. A bunch of XRP ETPs have dates in subsequent few days.
If we’re gonna see early approvals from the SEC on any of those belongings — i wouldn’t anticipate to see them till late June or early July at absolute earliest. Extra more likely to be in early 4Q.
— James Seyffart (@JSeyff) Might 20, 2025
The SEC below the present administration is crypto-friendly, because it has lately dropped lawsuits towards a number of cryptocurrency corporations.
Altcoins are nonetheless underperforming. Is that this the best time to purchase?
Bitcoin is closing in on a brand new all-time excessive, however altcoins are nonetheless underperforming. Presently, Bitcoin’s market dominance is 63%, much like its stage throughout the bull market of 2021.
The dominance stage is predicted to drop as soon as the altcoin season kicks off. Whereas Bitcoin is just 2% away from its all-time excessive, most altcoins are 30-40% away from their earlier all-time excessive costs. Thus, indicating that this could possibly be a superb alternative for buyers to buy altcoins.
Altcoin dominance at the moment stands at 27.8% however may enhance considerably to over 40%, as seen throughout the altcoin rallies of 2022 and 2017.
Buyers are eyeing one of the best crypto purchase, and memecoins are a number of the greatest performers out there. Rising memecoins like Bitcoin Pepe are attracting buyers because of their distinctive problem-solving merchandise.
$BPEP goes dwell on exchanges in a couple of days amid rising buyers’ demand
Curiosity in cryptocurrencies is on the rise because of rising institutional demand. The demand can also be spreading to nations and states, with some already setting up Digital Asset Reserves to purchase and maintain Bitcoin and numerous cryptocurrencies.
Retail buyers shouldn’t be overlooked as new initiatives are rising that can change narratives out there. Buyers in search of new gems often leverage areas akin to memecoins, AI, decentralised finance, RWA, and gaming.
Bitcoin Pepe is likely one of the initiatives that has generated large curiosity lately. The primary meme-centric Layer 2 constructed on Bitcoin, Bitcoin Pepe, is increasing quickly via a sequence of high-impact partnerships.
Its presale will finish in ten days, and over $10 million has been raised prior to now few weeks. As a layer 2 meme for BTC, Bitcoin Pepe boasts Solana’s pace and low charges, empowering builders on the Bitcoin blockchain.
Bitcoin Pepe is laying the groundwork for an ecosystem by which the $BPEP token may have actual cross-chain utility and culture-driven attain. The token will launch on its first crypto exchanges in lower than two weeks and could possibly be one of many prime performers out there.
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Purchase $BPEP ➡️ https://t.co/TtbvT3lq5a pic.twitter.com/uGi1eCJEcJ
— Bitcoin Pepe (@BitcoinPepe_) Might 20, 2025
Presently, Bitcoin Pepe’s presale price is $0.0359. This could possibly be the bottom price buyers pay for $BPEP. As soon as the presale ends on Might 31, nevertheless, the price may explode amid excessive demand.