The U.S. Securities and Alternate Fee (SEC) has as soon as once more kicked key crypto ETF functions into the lengthy grass, delaying a slate of high-profile filings till October – in a deja vu second for SEC crypto timelines.
In notices filed August 18, the regulator prolonged evaluation deadlines for NYSE Arca’s Fact Social Bitcoin-Ethereum ETF to October 8, for 21Shares’ and Bitwise’s Solana funds to October 16, and for the 21Shares Core XRP Belief to October 19.
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The Fact Social ETF, submitted in June and backed by Trump Media’s platform, is structured as a commodity-based belief holding BTC and ETH immediately.
Whereas it mirrors the mechanics of accredited spot ETFs, political optics have drawn scrutiny. Watchdogs, together with Accountable.US, argue that Trump’s deep ties to crypto ventures might undermine confidence within the SEC if the fund proceeds.
Solana’s functions, lodged by 21Shares and Bitwise by way of Cboe BZX, would mark the primary U.S. spot Solana ETFs.
The merchandise are designed to supply institutional publicity to SOL with out custody danger, a crucial step as Solana’s market cap pushes previous $80Bn and institutional demand builds.
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XRP Belief Filings Are Additionally Hitting SEC Crypto Delays
U.S. SEC DELAYS COINSHARES AND 21SHARES $XRP ETFS
— The Wolf Of All Streets (@scottmelker) August 18, 2025
XRP’s belief submitting, first lodged in February, was additionally pushed again regardless of already nearing its 180-day deadline, as was the Coinshares Litecoin ETF submitting.
These delays are in step with the SEC’s commonplace playbook: exhausting each extension interval earlier than a remaining ruling.
Bloomberg ETF analyst James Seyffart has famous that the company “nearly at all times” runs down the clock on 19b-4 filings. October is now stacked with remaining choice dates throughout altcoin ETFs, from Litecoin to Dogecoin.
The SEC has introduced a delay for @CoinSharesCo’s Litecoin ETF, setting a brand new deadline of Oct twenty third, 2025 for the choice. https://t.co/2hd9X1SDis pic.twitter.com/XmZmU3S7BQ
— Litecoin Basis (@LTCFoundation) August 18, 2025
The extensions happen in opposition to a backdrop of accelerating flows into spot BTC and ETH ETFs, which drew a mixed $3.75Bn in internet inflows final week.
BlackRock’s iShares Bitcoin Belief alone controls greater than $87Bn in AUM. In contrast, altcoin merchandise stay in limbo, their destiny hinged on an SEC nonetheless reluctant to increase legitimacy past Bitcoin and Ethereum.
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The put up Deja Vu? SEC Kicks Solana, XRP, Fact Social Crypto ETFs Into Lengthy Grass appeared first on 99Bitcoins.
