SEC Delays Spot Crypto ETF Rulings to October
On August 18, the U.S. Securities and Exchange Commission (SEC) extended review deadlines for several spot crypto ETF proposals. It pushed the Truth Social Bitcoin and Ethereum ETF decision to October 8. Solana ETF filings from 21Shares and Bitwise now face an October 16 deadline. The 21Shares Core XRP Trust will be decided by October 19.
Each spot crypto ETF would hold its underlying asset—BTC, ETH, SOL or XRP—and issue shares directly backed by these coins. The SEC also plans rule changes to streamline ETP listings for tokens with established futures markets. Analysts predict that if approved, new ETP rules could fast-track crypto ETF approvals next month. A wave of spot crypto ETF launches this October may boost institutional access to Bitcoin and altcoins.
Traders should monitor these regulatory updates closely. Delays and potential ETP reforms could affect market demand, liquidity and price action across major tokens. Adjust strategies accordingly.
Neutral
By postponing key spot crypto ETF decisions, the SEC introduces short-term uncertainty. Traders may face reduced momentum in Bitcoin, Ethereum, Solana and XRP as expected ETF approvals are delayed. However, the announcement of potential ETP rule changes offers a bullish catalyst for next month. If the SEC adopts streamlined listing standards, a wave of new spot crypto ETF launches could drive institutional inflows. Over the long term, approvals could bolster market liquidity and asset prices. The combination of delays and reform plans thus balances out, resulting in a neutral impact on crypto prices.