Despite Ethereum's success: SEC postpones numerous crypto ETFs

INFBusiness
21.08.2025
News

While Ethereum ETFs were overshadowed by Bitcoin products at launch, they have gained significant relevance in recent weeks. Driven by the ongoing ETH price rally, index funds are increasingly attracting the attention of traditional investors. Since the official launch of the spot ETFs in the US in July 2024, impressive sums have flowed into these products. According to “The Block,” the Ethereum ETFs now hold 6.3 million ETH worth approximately $26.7 billion. This corresponds to approximately 5.1 percent of the total currently circulating supply. Last week alone, net inflows amounted to approximately $2.85 billion.

In addition to ETFs, treasury firms are playing an increasingly important role in the ETH market. According to Coinbase, digital asset treasuries (DATs) control over 2 percent of the total ETH supply. These institutions hold large amounts of ETH as strategic reserves, further driving demand and impacting market stability. Among the most prominent names are SharpLink Gaming, The Ether-Machine, and BitMine Immersion Technologies. The latter has set a goal of including 5 percent of the total Ether supply in its own treasury.

Routine at the SEC? Further crypto ETF decisions postponed

The U.S. Securities and Exchange Commission (SEC) recently postponed its decisions on several crypto ETFs, including those for Truth Social, Solana, and XRP. Specifically, the decision on the approval of the “Truth Social Bitcoin and Ethereum ETF,” filed by NYSE Arca on June 24, was postponed to October 8, 2025. Likewise, the decisions on Solana ETFs from 21Shares and Bitwise were postponed to October 16, 2025, and on the 21Shares Core XRP Trust to October 19, 2025.

After Bitcoin and Ethereum ETFs launched last year and attracted billions in inflows, asset managers are now trying to launch similar products for other cryptocurrencies like Solana and XRP. ETF delays by the SEC are not uncommon. “The SEC typically takes the entire deadline to respond to a 19b-4 filing. Almost all of these filings have a final deadline in October,” said James Seyffart, ETF analyst at Bloomberg.

Lotta questions. Replying here:

The SEC *typically* takes the full time to respond to a 19b-4 filing. Almost all of these filings have final due dates in October. Early decisions would be the action that's out of the norm. No matter how “Crypto-friendly” this SEC is

There's no…

— James Seyffart (@JSeyff) May 20, 2025

He continued: “An early decision would be an out-of-the-ordinary measure. No matter how 'crypto-friendly' this SEC may be.” Numerous crypto ETF decisions have therefore been delayed in recent months. However, final SEC decisions could follow as early as this fall.

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