SEC delays decisions on social truth, Solana and XRP ETF in October

The American Securities and Exchange (SEC) commission has delayed decisions on three high -level funds in exchange for crypto (ETF), extending exam times in October.

In the opinions filed on August 18, the agency set new decision dates of October 8 for Nyse Arca’s Truth Social Bitcoin and ETF ETF, October 16 for the ETF Solana de 21Shares and Bitwise, and October 19 for the 21shares Core XRP Trust.

The ETF of Truth Social Bitcoin and ETF, subject on June 24, is structured as a trust based on basic products holding Bitcoin (BTC) and ether (Ethn)) directly and make actions supported by these assets. Although marked under the Truth social platform of the American president Donald Trump, it works like other ETF Bitcoin and Ether on the market.

CBOE BZX also searches approval For the first American, the ETF Solana through 21shares and bit deposits. These products would contain Solana (GROUND) Tokens and give investors a secure means of exposure to the performance of Solana prices.

A distinct 21Shares application aims to launch the Core XRP Trust, designed to contain (Xrp) and follow its market value. Deposited for the first time in February and changed later, the trust approached its deadline for 180 days on Wednesday before the SEC was granted 60 additional days to examine.

In relation: The American regulator considers the simplified path of the market for the Crypto ETF

October presenting himself as a great month for ETF decisions

The most recent ETF extensions are not out of the ordinary. The dry has deposited extensions and all summer, and many of them are going to be decided this fall.

In March, Cointelegraph reported that the SEC had delayed decisions on several proposals from ETF Altcoin, including products related to XRP, Litecoin (Thal) and Dogine (DOGE).

Among them, the demand for corners for a Litecoin andf spotwhich would directly hold LTC and issued the actions supported by the token. Cointelegraph noted that the extension of the SEC had placed its deadline in the same group of autumn reviews as the other Altcoin deposits.

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Separately, the dry extended its examination of Bitwise demand to authorize creations in kind And the buyouts for its Bitcoin and Ethereum and Ethereum spots. Now scheduled for September, this decision would determine whether investors can exchange and directly against the underlying crypto rather than on species.

The SEC often uses its complete extension periods to assess new products and collect public comments. Bloomberg ETF analyst James Seyffart wrote in a Publish on X on May 20 that the dry “generally takes full time to respond to a 19B-4 file”. He added that “almost all of these deposits have final due dates in October” and an early decision would be “outside the norm”.

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Blackrock dominates as the ETF funds gain popularity

The American market now has a dozen FNB Bitcoin Spot, several ether products and an increasing list of soil, XRP and other tokens. Worldwide, more than a hundred FNB linked to crypto are listed.

Ishares Bitcoin Trust of Blackrock dominates the estate, with more than $ 87 billion assets under management (AUM). Its scale, its liquidity and its resistance from the brand distinguished it, moving away most of the flows while the rivals remain much smaller.

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