XRP News Today: SEC pushes back Truth Social, Solana and XRP ETF decisions to October 2025

The U.S. Securities and Exchange Commission (SEC) has delayed decisions on three prominent cryptocurrency-based exchange-traded fund (ETF) applications, pushing back their review deadlines into October 2025. Announced in notices filed on August 18, the new decision dates include October 8 for NYSE Arca’s Truth Social Bitcoin and Ethereum ETF, October 16 for 21Shares’ and Bitwise’s Solana ETFs, and October 19 for the 21Shares Core XRP Trust [1]. These extensions continue a trend of prolonged reviews that the SEC has been following throughout the summer, with multiple applications now clustering toward a decision window in the fall [2].

The Truth Social Bitcoin and Ethereum ETF, submitted on June 24, is structured as a commodity-based trust holding Bitcoin and Ether directly. Unlike other ETFs, it is branded under Donald Trump’s Truth Social platform, although it operates similarly to existing spot Bitcoin and Ether ETFs [3]. Meanwhile, Cboe BZX has also filed applications for the first U.S. spot Solana ETFs through 21Shares and Bitwise, which would track the price of Solana (SOL) and provide investors direct exposure to the token [4].

In a separate application, 21Shares aims to launch the Core XRP Trust, which was first filed in February and later amended. The SEC had been approaching a 180-day deadline for its review before granting an additional 60-day extension [5]. These delays have raised concerns among investors, particularly for XRP, which has seen downward pressure in the short term following the news [6].

The extended timelines suggest the SEC is exercising caution in its regulatory approach, particularly for products involving altcoins, for which no clear precedent exists. This method aligns with past behavior, as the SEC often utilizes full extension periods to evaluate new products and gather public feedback [7]. Analysts have noted that while the delays may indicate a slower regulatory environment, they do not necessarily reflect outright rejection of the applications [8].

As the October deadlines approach, market participants are closely watching these developments, as the outcomes could set significant regulatory precedents for the broader crypto industry. The U.S. market already hosts a dozen spot Bitcoin ETFs and several Ether products, with BlackRock’s iShares Bitcoin Trust dominating the space with over $87 billion in assets under management [9]. The approval of these new crypto ETFs could further accelerate the integration of digital assets into traditional finance.

Source:

[1] SEC delays rulings on Truth Social, Solana and XRP ETFs (https://cointelegraph.com/news/sec-pushes-back-decisions-truth-social-solana-xrp-crypto-etfs)

[2] SEC delays Truth Social Crypto ETF decision as political ... (https://crypto.news/sec-delays-truth-social-crypto-etf-decision-as-political-undertones-loom/)

[3] SEC Extends XRP and Altcoin ETF Rulings to October (https://coincentral.com/sec-extends-xrp-and-altcoin-etf-rulings-to-october/)

[4] XRP Slips Below $3 as Nearly $500 Million Worth of Crypto ... (https://u.today/xrp-slips-below-3-as-nearly-500-million-worth-of-crypto-gets-liquidated)

[5] Breaking: SEC Postpones Decision On XRP ETFs, Along With DOGE and LTC Funds (https://coingape.com/markets/pi-coin-price-prediction-2025-analyst-eyes-0-50-as-mainnet-migration-intensifies/)