Deja Vu? SEC Pushes Solana, XRP, Truth Social Crypto ETFs Into the Long Grass
The U.S. Securities and Exchange Commission (SEC) has once more relegated significant crypto ETF applications to the sidelines, postponing a series of prominent filings until October – creating a sense of déjà vu regarding SEC’s crypto timelines.
In notices submitted on August 18, the agency prolonged review timelines for NYSE Arca’s Truth Social Bitcoin-Ethereum ETF to October 8, for 21Shares’ and Bitwise’s Solana funds to October 16, and for the 21Shares Core XRP Trust to October 19.
Are Political Concerns Hindering Trump’s Crypto ETF?
The Truth Social ETF, filed in June and supported by Trump Media’s protocol, is organized as a commodity trust that directly holds Bitcoin and ETH.
Although it resembles the mechanics of sanctioned spot ETFs, political perceptions have come under examination. Oversight groups, such as Accountable.US, contend that Trump’s substantial connections to crypto initiatives might erode trust in the SEC if the fund advances.
Applications for Solana, submitted by 21Shares and Bitwise via Cboe BZX, would signify the inaugural U.S. spot Solana ETFs.
The offerings are intended to provide institutional involvement in SOL without custody concerns, a vital move as Solana’s crypto market capitalization surpasses $80Bn and institutional interest rises.
EXPLORE: 20+ Next Crypto to Explode in 2025
XRP Trust Submissions Facing SEC Crypto Delays as Well
U.S. SEC DELAYS COINSHARES AND 21SHARES $XRP ETFS
— The Wolf Of All Streets (@scottmelker) August 18, 2025
The XRP trust submission, initially filed in February, was also deferred despite being close to its 180-day limit, similar to the Coinshares Litecoin ETF submission.
Such delays align with the SEC’s typical strategy: maximizing every extension period prior to arriving at a final decision.
Bloomberg ETF analyst James Seyffart noted that the agency “almost always” takes the full timeline on 19b-4 filings. October now features numerous final decision deadlines across non-BTC crypto ETFs, from Litecoin to Dogecoin.
The SEC has announced a delay for @CoinSharesCo’s Litecoin ETF, establishing a new deadline of Oct 23rd, 2025 for the decision. https://t.co/2hd9X1SDis pic.twitter.com/XmZmU3S7BQ
— Litecoin Foundation
(@LTCFoundation) August 18, 2025
The extensions come amid a surge in investments into spot BTC and ETH ETFs, which attracted a combined $3.75Bn in net inflows last week.
BlackRock’s iShares BTC Trust currently manages over $87Bn in assets. In contrast, alternative coin products remain uncertain, their future reliant on an SEC that remains hesitant to extend credibility beyond Bitcoin and Ethereum.
EXPLORE: 9+ Best High-Risk, High-Reward Crypto to Buy in August 2025
The article Deja Vu? SEC Kicks Solana, XRP, Truth Social Crypto ETFs Into Long Grass first appeared on 99Bitcoins.
