Crypto ETF Decision Delayed by SEC, What’s the Impact?

Jakarta, Pintu News – The United States Securities and Exchange Commission (SEC) has announced a delay in making a decision on nine crypto exchange-traded fund (ETF) proposals. This decision delays the prospect of ETFs involving Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) until next October.

Check out the full information in this article!

SEC Delays Crypto ETFs

The SEC has extended the review period for several crypto ETF applications, including the Bitcoin (BTC) and Ethereum (ETH) ETFs from Truth Social, as well as the Solana (SOL) ETF from 21Shares and Bitwise. This decision demonstrates the SEC’s more cautious approach to managing financial products based on digital assets.

The delay covers a wide range of products, including the Ripple (XRP) ETF that 21Shares is also reviewing. The delay provides additional time for the SEC to assess the risks and market potential of these products.

With this delay, the new decision date is set for October 8 for the Truth Social ETF, October 16 for the Solana (SOL) filing, and October 19 for the XRP trust.

Read also: South Korea to Launch Won-Based Stablecoin Regulation Soon, What Will It Be?

Delayed ETF Product Details

Truth Social’s Bitcoin (BTC) and Ethereum (ETH) ETF, which was first filed on June 24, is designed as a commodity-based trust that directly holds Bitcoin (BTC) and Ether (ETH).

Shares of the fund will be backed by the underlying assets. Although the branding of this product is tied to Donald Trump’s Truth Social platform, this ETF is designed to function just like other spot Bitcoin (BTC) and Ether (ETH) ETFs that have been approved in the United States.

In addition, the Cboe BZX exchange also filed for approval of the country’s first spot Solana (SOL) ETF, filed separately by 21Shares and Bitwise. The fund will provide institutional and retail investors with regulated access to Solana (SOL) price movements.

Also read: Genius Stablecoin Bill: US Government Seeks Public Feedback on New Rules

SEC Strategy and Standards

According to Bloomberg’s ETF analysts Eric Balchunas and James Seyffart, the delay appears to reflect the SEC’s broader strategy of developing a framework for digital asset ETFs, rather than continuing the current case-by-case approval system.

Seyffart suggested that the commission is working to create clear listing standards that will define which digital assets can be integrated into ETFs and by what criteria.

This approach could provide greater consistency for the growing number of crypto ETF applications, but in the meantime, issuers and investors will have to wait longer for clarity.

Conclusion

This delayed decision by the SEC demonstrates a more cautious and structured approach to managing crypto-related financial innovation. While this may disappoint some investors and issuers who were looking forward to more clarity sooner, this move is important to ensure that the framework built is robust enough to manage the risks associated with these innovative financial products.

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Reference

• Crypto Times. SEC Extends Review of Nine Crypto ETF Filings into October. Accessed on August 20, 2025
• Featured Image: Zerocap