SEC Delays Decision On Hot Crypto ETFs

1. SEC Continues To Postpone Two Major Crypto ETFs

Crypto ETF: SEC Continues to Delay Decision

On July 29, 2025, the U.S. Securities and Exchange Commission (SEC) officially announced a delay in its decision on two high-profile cryptocurrency-related ETF proposals:

•  - Truth Social Bitcoin ETF – Associated with former President Donald Trump.

•  - Grayscale Solana ETF – A proposed conversion from the Grayscale Solana Trust.

The new deadlines for SEC rulings are:

•  - Truth Social Bitcoin ETF: September 18, 2025

•  - Grayscale Solana ETF: October 10, 2025

2. Why Did The SEC Postpone?

According to official filings, the SEC stated it needed “more time to consider the proposed rule change and the issues raised.” This move remains within the legal time limits allowed under the Securities Exchange Act of 1934.

Despite showing signs of a more crypto-friendly stance recently, the SEC continues to act with extreme caution, especially with ETFs tied to multiple tokens or politically sensitive figures.

3. Not Just These Two: Other ETFs Also Paused

Truth Social and Grayscale aren’t isolated cases. Previously:

•  - The Bitwise 10 Crypto Index ETF—which includes Bitcoin, Ethereum, and XRP—was also suddenly delayed.

•  - Several other issuers, such as Invesco Galaxy, Ark 21Shares, VanEck, WisdomTree, and Fidelity, are still awaiting approval for amendments like "in-kind redemptions."

This pattern suggests internal disagreements within the SEC, particularly regarding multi-asset crypto ETFs or those involving meme tokens.

4. Trump, Dogecoin, And Solana: Politics In Crypto?

Truth Social launching a Bitcoin ETF raises questions: Where’s the line between politics and crypto?

Grayscale, on the other hand, is trying to mainstream Solana via its ETF proposal. Meanwhile, applications linked to XRP, Dogecoin, and even other Trump-related tokens are still under review.

5. Conclusion: Red Flag Or Opportunity?

Delays from the SEC are nothing new—but in today’s environment, each delay stirs more investor anxiety. With key decisions now in the hands of the SEC, investors should pay close attention to the next crucial dates:

•  - Truth Social Bitcoin ETF: September 18, 2025

•  - Grayscale Solana ETF: October 10, 2025