The SEC stated it needs additional time to review Truth Social’s S-1 filing submitted in June. According to the official announcement, the Commission will announce its decision on this application by September 18, 2025. The decision could be an approval, rejection, or referral to another process. 

Truth Social’s application came after the SEC approved its first spot Bitcoin ETFs in January 2024. During this period, BlackRock’s IBIT fund rose to lead the ETF market with nearly $100 billion in assets under management. 

Second Extension for Grayscale’s Solana ETF Application

Following Truth Social, Grayscale re-entered the SEC’s focus. The Commission extended the review period for Solana Trust’s conversion to an ETF until October 10, 2025. Previously postponed twice in March and May, this marks the third delay. 

In mid-June, Grayscale and other issuers made several updates to their applications based on SEC feedback. Issues such as staking mechanisms and the same redemption model caused detailed regulatory review. 

https://twitter.com/EricBalchunas/status/1914336419314643103

Meanwhile, companies like VanEck, 21Shares, and Canary Capital also filed for spot Solana ETFs. Additionally, Rex Osprey’s SOL Staking ETF attracted attention with a $133 million target size. 

Approval Process Must Be Completed by End of 2025

Legally, the SEC must decide on all ETF applications by the end of 2025. Bloomberg ETF analyst Eric Balchunas noted on X that the SEC currently has 72 crypto ETF applications pending. These applications cover various crypto assets including Bitcoin, Solana, Litecoin, XRP, Dogecoin, and Cardano. However, the SEC’s cautious approach continues to lag behind the market’s pace.

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The post SEC Delays Truth Social & Grayscale Crypto ETFs Again appeared first on Coin Engineer.

Record-Breaking Inflow Momentum

On June 6, spot Ether ETFs saw $25.3 million in net inflows, marking the third straight trading week of uninterrupted capital movement into these funds. If the trend continues, the current streak could surpass $1 billion next week.

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By contrast, spot Bitcoin ETFs saw a break in their inflow pattern on May 29, posting $346.8 million in outflows. Since then, Bitcoin ETF flows have been volatile.

ETH Price Surge Aligns With ETF Demand

Ether’s price is also strengthening. As of publication, ETH is trading at $2,490, up 31.23% over the past 30 days, according to CoinMarketCap. The bullish trend may be fueling investor interest in Ethereum-related ETFs.

Some analysts, including Crypto Eagles, believe Ether is mirroring historical gold fractals — possibly heading toward a $6,000 price target in the current cycle. ETH’s all-time high of $4,878 was recorded in November 2021.

Staking-Enabled ETFs Could Be Next

While spot Ether ETFs have gained traction, industry voices argue that staking functionality would greatly enhance long-term returns. On May 31, Cointelegraph reported that REX Shares had filed to launch the first Ethereum and Solana staking ETFs in the U.S., possibly within weeks.

ETF analyst James Seyffart noted that while an official launch date is still pending, REX used “regulatory workarounds” to fast-track the product.

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The post Spot Ether ETFs See $837.5M Inflows in 15-Day Streak appeared first on Coin Engineer.