Ripple (XRP) and Dogecoin (DOGE) rallied Thursday after the U.S. Securities and Exchange Commission (SEC) acknowledged Grayscale’s filings to list spot exchange-traded funds (ETFs) for both cryptocurrencies.

The US Securities and Exchange Commission (SEC) has acknowledged 19b-4 filings from Grayscale to list spot Dogecoin and XRP exchange-traded funds (ETFs).

Alternative cryptocurrencies, or altcoins, made waves Friday as XRP and dogecoin (DOGE) drew strength from spot ETF optimism and Solana-based decentralized exchange Jupiter's JUP token cheered the platform's buyback program.

Ripple XRP prices surged by over 12% to £2.17 ($2.73) after the US Securities and Exchange Commission (SEC) officially acknowledged Grayscale's 19b-4 filings to convert its existing XRP Trust into a spot XRP exchange-traded product (ETP) for listing on the NYSE Arca.

What began as a joke could soon be a Wall Street hit as a Dogecoin ETF proposal vies to be the first spot meme coin fund.

The SEC on Thursday officially acknowledged Grayscale’s application to convert its XRP and Dogecoin Trusts into ETFs, marking an unprecedented move that could signal a shift in its approach to crypto products.

The SEC has acknowledged Grayscale’s spot XRP and Dogecoin ETF filings and could decide on if they launch by October.

The SEC has begun reviewing Grayscale's applications for XRP and Dogecoin ETFs, with decisions expected by October 2025, marking a shift in the agency's approach to cryptocurrency investment products.

Dogecoin (DOGE) is up 5% this Friday. The spike follows renewed optimism surrounding the approval of a spot Dogecoin exchange-traded fund (ETF). The recent rally came after the US Securities and Exchange Commission (SEC) formally acknowledged filings from Grayscale to list a DOGE ETF.

Analyst says the Litecoin ETF will likely get the SEC nod over other filings. However, the agency has acknowledged Grayscale's XRP and DOGE ETF bids.