autorenew
SEC Delays Rulings on Truth Social Bitcoin & Ethereum ETF, Solana ETFs, and XRP Trust: Implications for Meme Coins

SEC Delays Rulings on Truth Social Bitcoin & Ethereum ETF, Solana ETFs, and XRP Trust: Implications for Meme Coins

Hey there, crypto enthusiasts! If you're knee-deep in the world of meme tokens like I am here at Meme Insider, you know how regulatory news can send ripples through the market. Today, we're diving into some fresh developments straight from the US Securities and Exchange Commission (SEC). According to a recent update from BSCN Headlines on X, the SEC has decided to hit the pause button on several high-profile crypto ETF applications.

Let's break it down simply. An ETF, or Exchange-Traded Fund, is basically a basket of assets that trades on stock exchanges, making it easier for everyday investors to get exposure to things like Bitcoin or Ethereum without directly owning the coins. These crypto ETFs have been a hot topic because they could bring more mainstream money into the space.

The SEC has delayed rulings on:

  • Truth Social's Bitcoin and Ethereum ETF: This one's interesting because Truth Social is the social media platform founded by former President Donald Trump. Their proposed ETF would combine Bitcoin and Ethereum, potentially attracting a unique crowd of investors. The new decision deadline is October 8, 2025.

  • 21Shares and Bitwise Solana ETFs: Solana is a blockchain that's become a hotspot for meme coins thanks to its speed and low fees. Think tokens like Dogwifhat or Bonk – they're all thriving on Solana. Approval of these ETFs could legitimize Solana further and boost liquidity, which might supercharge meme token projects built on it.

  • 21Shares XRP Trust: XRP, the token associated with Ripple, has its own loyal following. While not as meme-heavy as Solana, XRP's ecosystem does have some fun, community-driven tokens. This delay pushes the decision to October as well, along with similar filings from others like Grayscale, CoinShares, and Bitwise for XRP ETFs.

Why the delays? The SEC often extends review periods to gather more information or assess risks, especially in the volatile crypto world. As reported by CoinTelegraph, these extensions are par for the course, but they can frustrate investors waiting for that green light.

For us in the meme token community, this is particularly relevant for Solana. If these ETFs get approved down the line, it could mean more institutional money flowing into SOL, stabilizing the network and potentially leading to bigger pumps for meme coins. On the flip side, ongoing delays might keep things choppy, giving retail traders and degens more time to play in the wild west of memes.

We've seen this movie before – remember the long road to Bitcoin ETF approvals? It took years, but when they finally launched, the market went bananas. The same could happen here, especially with political angles like Truth Social's involvement amid election seasons.

Keep an eye on updates from reliable sources like CoinGape and CryptoSlate. At Meme Insider, we'll be tracking how this impacts your favorite meme tokens. What do you think – bullish or bearish for memes? Drop your thoughts in the comments!

Stay memeing, folks! 🚀

You might be interested