Key takeaways
The U.S. SEC has delayed decisions on the XRP and Dogecoin spot ETF proposals and has asked for public input.
Bitcoin Pepe rallies higher as investors look to catch the next big memecoin.
SEC delays XRP and Dogecoin ETF decisions. Will it approve altcoin ETFs soon?
The United States Securities and Exchange Commission (SEC) delayed decisions on spot XRP and Dogecoin exchange-traded funds (ETFs) on Tuesday. The regulator also asked for public comments for the 21Shares Core XRP Trust, the Grayscale XRP Trust, and the Grayscale Dogecoin Trust.
The regulator approved the Bitcoin and Ethereum spot ETFs last year. However, it has yet to approve other altcoin ETF applications since then. Currently, the SEC is reviewing ETF proposals allowing investors to purchase funds tracking the performance of various altcoins, including XRP, Dogecoin, Solana, Polkadot, SUI, Litecoin, BNB, and Chainlink.
Despite its recent delay, analysts are optimistic that the SEC will approve other ETF applications. Bloomberg Intelligence ETF analyst James Seyffart stated that the SEC will likely approve the ETFs in the fourth quarter of the year.
Delays on spot crypto ETFs are expected. A bunch of XRP ETPs have dates in next few days.
If we’re gonna see early approvals from the SEC on any of these assets — i wouldn’t expect to see them until late June or early July at absolute earliest. More likely to be in early 4Q.
— James Seyffart (@JSeyff) May 20, 2025
The SEC under the current administration is crypto-friendly, as it has recently dropped lawsuits against several cryptocurrency firms.
Altcoins are still underperforming. Is this the right time to buy?
Bitcoin is closing in on a new all-time high, but altcoins are still underperforming. Currently, Bitcoin’s market dominance is 63%, similar to its level during the bull market of 2021.
The dominance level is expected to drop once the altcoin season kicks off. While Bitcoin is only 2% away from its all-time high, most altcoins are 30-40% away from their previous all-time high prices. Thus, indicating that this could be an excellent opportunity for investors to purchase altcoins.
Altcoin dominance currently stands at 27.8% but could increase significantly to over 40%, as seen during the altcoin rallies of 2022 and 2017.
Investors are eyeing the best crypto buy, and memecoins are some of the best performers in the market. Emerging memecoins like Bitcoin Pepe are attracting investors thanks to their unique problem-solving products.
$BPEP goes live on exchanges in a few days amid growing investors’ demand
Interest in cryptocurrencies is on the rise thanks to growing institutional demand. The demand is also spreading to nations and states, with some already setting up Digital Asset Reserves to buy and hold Bitcoin and various cryptocurrencies.
Retail investors shouldn’t be left out as new projects are emerging that will change narratives in the market. Investors looking for new gems usually leverage areas such as memecoins, AI, decentralised finance, RWA, and gaming.
Bitcoin Pepe is one of the projects that has generated massive interest recently. The first meme-centric Layer 2 built on Bitcoin, Bitcoin Pepe, is expanding rapidly through a series of high-impact partnerships.
Its presale will end in ten days, and over $10 million has been raised in the past few weeks. As a layer 2 meme for BTC, Bitcoin Pepe boasts Solana’s speed and low fees, empowering developers on the Bitcoin blockchain.
Bitcoin Pepe is laying the groundwork for an ecosystem in which the $BPEP token will have real cross-chain utility and culture-driven reach. The token will launch on its first crypto exchanges in less than two weeks and could be one of the top performers in the market.
🚨 11 DAY WARNING ⚠️
You only have 11 days left to get in on $BPEP.
The first ever meme ICO on the Bitcoin ecosystem.
Lock in.
Buy $BPEP ➡️ https://t.co/TtbvT3lq5a pic.twitter.com/uGi1eCJEcJ
— Bitcoin Pepe (@BitcoinPepe_) May 20, 2025
Currently, Bitcoin Pepe’s presale price is $0.0359. This could be the lowest price investors pay for $BPEP. Once the presale ends on May 31, however, the price could explode amid high demand.
The post Best crypto to buy as SEC delays XRP and Dogecoin ETF decisions appeared first on CoinJournal.
