The U.S. Securities and Exchange Commission (SEC) has pushed back decisions on three highly anticipated crypto ETF applications, setting new deadlines for October.
- Oct. 8: NYSE Arca’s Truth Social Bitcoin & Ethereum ETF
- Oct. 16: 21Shares & Bitwise Solana ETFs
- Oct. 19: 21Shares Core XRP Trust
The Truth Social ETF, first filed in June, would directly hold Bitcoin and Ethereum, similar to other spot ETFs already trading. Despite its branding under Trump’s media platform, the fund is structured as a standard commodity-based trust.
Meanwhile, 21Shares and Bitwise are seeking approval for the first U.S. spot Solana ETFs, giving investors regulated exposure to SOL. In addition, 21Shares is pursuing the Core XRP Trust, designed to track XRP’s market value.
This year, the SEC has consistently extended review periods for new crypto funds, with most final rulings now clustered in the fall. Analysts point out that such delays are common as the agency takes full time to evaluate filings and gather feedback.
The U.S. market already hosts multiple spot Bitcoin and Ether ETFs, with global listings surpassing 100 products. Still, BlackRock’s iShares Bitcoin Trust dominates the sector, managing over $87 billion, setting the benchmark for liquidity and investor flows.
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