😱 The SEC’s Cryptic Dance with Crypto ETFs: Will They Ever Decide? 🤔

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Ah, the SEC-the masters of the “wait-and-see” game, where decisions are as elusive as a chocolate teapot. Once again, they’ve pushed back rulings on not one, not two, but *three* high-profile crypto exchange-traded funds (ETFs). Why rush when you can stretch deadlines into October like a piece of taffy? 🍬

In notices filed on Aug. 18 (a day no one will ever forget), the SEC set new decision dates that feel longer than a giraffe’s neck: Oct. 8 for NYSE Arca’s Truth Social Bitcoin and Ethereum ETF, Oct. 16 for 21Shares’ and Bitwise’s Solana ETFs, and Oct. 19 for the 21Shares Core XRP Trust. Yes, they’re giving themselves enough time to solve world hunger-or at least pretend to think deeply about these applications.

The Truth Social Bitcoin and Ethereum ETF, submitted on June 24, is about as straightforward as a bowl of alphabet soup. It holds Bitcoin (BTC) and Ether (ETH) directly and issues shares backed by those assets. Oh, and it’s branded under Donald Trump’s Truth Social platform because why not slap a famous name on it? It’s basically like other spot Bitcoin and Ether ETFs already out there-just with more pizzazz. 🎩

Meanwhile, Cboe BZX wants approval for the first US spot Solana ETFs through filings from 21Shares and Bitwise. These little beauties would let investors cozy up to Solana (SOL) tokens without having to buy them directly. Imagine owning a piece of SOL without actually touching it-like admiring a painting from behind velvet ropes. 🖼️

And then there’s 21Shares’ Core XRP Trust, which sounds like something out of a sci-fi novel. First filed in February and later amended, this trust was dangerously close to its 180-day deadline before the SEC said, “Hold my coffee,” and gave itself an extra 60 days to review. Classic move. ☕

October: The Month of Eternal Waiting

If you thought August was slow, buckle up, buttercup, because October is shaping up to be the Grand Finale of ETF Rulings™. But let’s be honest-if the SEC were a person, they’d be the kind who always shows up late to parties and still expects everyone to cheer. 🎉

This isn’t exactly breaking news; the SEC has been filing extensions all summer like it’s their hobby. Back in March, CryptoMoon reported delays on altcoin ETF proposals tied to XRP, Litecoin (LTC), and even Dogecoin (DOGE). Yes, DOGE-the meme coin that refuses to quit. Among them was CoinShares’ application for a spot Litecoin ETF, which now joins the October Madness lineup. 🐶

But wait, there’s more! The SEC also extended its review of Bitwise’s request to allow in-kind creations and redemptions for its spot Bitcoin and Ethereum ETFs. Translation: Can investors trade ETF shares for actual crypto instead of boring old cash? That decision is now slated for September, but don’t hold your breath-it’ll probably get pushed back too. 🕰️

Bloomberg ETF analyst James Seyffart summed it up perfectly on X (formerly Twitter): The SEC “typically takes the full time to respond to a 19b‑4 filing.” So, expecting an early decision would be like expecting a cat to fetch your slippers-unlikely but amusing to imagine. 😺

Ether ETFs Smash Records While Everyone Waits Around

BlackRock: The Goliath of ETFs

While the SEC twiddles its thumbs, BlackRock’s iShares Bitcoin Trust continues to dominate the field like a boss. With over $87 billion in assets under management (AUM), it’s bigger than most countries’ GDPs. Its rivals? Tiny fish swimming in its shadow. 🐟

So here we are, stuck in limbo while the SEC plays chess with our patience. Will they approve these ETFs? Will they reject them? Or will they just keep us waiting until we forget what year it is? One thing’s for sure: October is going to be wilder than a llama in a tutu. 🦙💃

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2025-08-19 00:51