🚨 Why Is Crypto Crashing Today? SEC Just Pulled the Rug on XRP, SOL & ADA ETFs!
📉 What Happened?
The SEC just U Turned on its approval for the multi-crypto ETF that included $XRP , $SOL and $ADA —saying there were "administrative errors" in the initial greenlight .
SOL
189.39
+0%
0.8219
+0.68%
This ETF was supposed to be a HUGE deal—the first spot ETF holding major alts alongside Bitcoin. But now? Paused indefinitely.
💥 Market Reaction:**
- XRP dumped -10%, SOL -6.5%, ADA -8% .
- Liquidations spiked: Over $800M in longs got wrecked, mostly from alt coins .
- All season delayed? Investors were banking on ETF inflows to pump alts, but the SEC’s flip-flop killed the hype