No more boost promised? One would have thought that the post-Gensler era was going to accelerate things. That the arrival of more “trump-compatible” profiles at the head of the dry would unlock a wave of validations by ETF Crypto. It is not. Not even the ETF of the Trump platform, Truth Social, will escape regulatory routine. October will be decisive, but in the meantime, the agency plays the watch. Investors are losing patience.
In short
- The dry postpones its decision on the ETF XRP, Litecoin, Ethereum and Truth Social until October.
- Truth Social, the Trump platform, aims for an ETF Bitcoin-ethereum still blocked by regulation.
- Several major players such as 21Shares, Grayscale and Coinshares are also affected by these reports.
- These delays are involved despite the impressive success of the Bitcoin and Ether already present on the market.
The sec slows down the ETFs, despite the climate change
We almost thought it in the pocket. The Truth Social ETF, backed by Bitcoin and Ethereum, had all the assets. Institutional support, strong political brand and favorable regulatory context since the approval of other ETF Crypto in early 2024. However, the dry cleaner fell: new postponement until October 8.
In the official documentthe dry is justified: “ The Commission considers that it is appropriate to designate a longer period to take measures on the proposal for a change of rule, in order to have enough time to examine it as well as the questions raised ».
Behind the scenes, some evoke political resistance. Caroline Ciccone, president of accountable.us, does not go there by four paths:
If the dry votes approval, it will sow doubt in the minds of the Americans. They will wonder if this decision is in the interest of the country or in that of the President's affairs.
Fall will be crypto, but not necessarily for everyone
Dry also delayed on the ETF XRP, LitecoinSolana and even Dogecoin. Most projects see their deadlines postponed until mid or at the end of October. Almost systematic mechanics, according to James Seyffart de Bloomberg, lhas SEC generally uses the entire period provided to meet a type 19B – 4 request. An early decision would be exceptional.
However, the pressure rises. Blackrock, Fidelity, Grayscale… All the Crypto management giants await validations. Competition on ETF Spot is played up to the billion.
Some figures to measure the tension well:
- $ 3.7 billion injected into ETHEREUM ETHE in 8 days in July;
- The ETHA of BlackRock received +519.7 million dollars in one day;
- The withdrawal of Staking ETH reaches 877,106 ETH, a sign of profits;
- The BTCS fund now holds 70,140 ETH, or $ 321 million.
Despite these chain reports, the success of the ET Crypto already approved remains spectacular. In recent days, trackers on Bitcoin and Ethereum have recorded an impressive dynamic. ETHEREUM ETHEREUM, for example, had eight record days, alone accumulating $ 3.7 billion in entries. What remind the dry that market appetite will not wait forever.
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