🚨 Crypto Tanks After SEC Flip-Flop on ETFs! What Just Happened?
📉 The Shock Move:
The SEC has suddenly reversed its approval of a major multi-crypto ETF that included $XRP, $SOL, and $ADA, blaming it on so-called "administrative errors."
This ETF was expected to be a game-changer—combining top altcoins with Bitcoin in a single spot ETF. Now? It’s indefinitely on hold.
💥 How the Market Reacted:
$XRP plunged 10%
$SOL dropped 6.5%
$ADA fell 8%
Over $800 million in long positions were liquidated—mainly in altcoins.
⏳ What It Means:
Altcoin season just hit the brakes. Traders were hoping this ETF would bring major inflows and boost the altcoin market, but the SEC's U-turn crushed the momentum.
