Key Takeaways:
- The SEC delayed decisions on Truth Social’s Bitcoin-Ethereum ETF, Solana ETFs from 21Shares and Bitwise, and the 21Shares Core XRP Trust, pushing reviews into October.
- These delays reflect a broader pattern, as the SEC continues to extend timelines on multiple crypto ETF proposals, including Litecoin and Dogecoin products.
- The U.S. crypto ETF market remains active, with over a dozen spot Bitcoin ETFs and growing interest in altcoin-based funds like SOL and XRP.
The U.S. Securities and Exchange Commission (SEC) has delayed decisions on three major cryptocurrency exchange-traded funds (ETFs), pushing final deadlines into October.
In filings dated August 18, the SEC extended its review for NYSE Arca’s Truth Social Bitcoin and Ethereum ETF until October 8, while rulings on Solana ETFs from 21Shares and Bitwise were pushed to October 16.
NEW: 🇺🇸 The SEC extends the review period for the Truth Social #Bitcoin and Ethereum ETF listing to October 8, 2025. pic.twitter.com/K0GpJfuWG0
— Bitcoin.com News (@BTCTN) August 18, 2025
A decision on 21Shares’ Core XRP Trust was also moved to October 19, just before its 180-day review limit.
The Truth Social ETF, submitted in June, is structured as a commodity-based trust holding Bitcoin and Ether, similar to existing spot crypto ETFs.
Meanwhile, the Solana and XRP products aim to provide direct exposure to those tokens’ market performance.
These extensions follow a broader trend of the SEC using the full length of its review periods for crypto-related applications, including proposals tied to Litecoin and Dogecoin.
October is shaping up as a pivotal month for altcoin ETFs, while a separate Bitwise request on in-kind creations and redemptions for Bitcoin and Ether ETFs awaits a September ruling.
Globally, there are now over 100 crypto ETFs trading, with BlackRock’s iShares Bitcoin Trust leading at $87 billion in assets under management (AUM).
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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