🚨 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 .
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 altcoins . - Altseason delayed? Investors were banking on ETF inflows to pump alts, but the SEC’s flip-flop killed the hype
