The SEC has delayed decisions on three significant cryptocurrency ETFs, extending the review period to October. The new decision dates are set for Oct. 8 for Truth Social's Bitcoin and Ethereum ETF, Oct. 16 for 21Shares' and Bitwise's Solana ETFs, and Oct. 19 for the 21Shares Core XRP Trust. Truth Social's ETF, structured as a commodity trust, directly holds Bitcoin and Ether and issues shares backed by these assets. Meanwhile, the Solana ETFs are designed to provide a secure investment avenue for Solana tokens. The Core XRP Trust aims to hold XRP to track its market value. The SEC frequently utilizes its full extension periods for in-depth evaluations and public feedback, with many ETF proposals awaiting rulings this fall. The current landscape includes several spot Bitcoin ETFs and emerging applications for other altcoins, reflecting a growing interest in cryptocurrency investments.

Source 🔗