Why Is Crypto Crashing Today? SEC Just Pulled the Plug on XRP, SOL & ADA ETFs!
đ Whatâs Going On?
In a shocking reversal, the U.S. SEC has withdrawn its earlier approval for a highly anticipated multi-crypto spot ETF that included $XRP, $SOL, and $ADA. The agency cited âadministrative errorsâ as the reason behind the sudden decision, leaving investors confused and frustrated.
Key Prices at the Time of Announcement:
SOL: $189.29 (-0.33%)
ADA: $0.8229 (+0.46%)
This ETF was expected to be a game-changerâthe first to offer exposure to major altcoins alongside Bitcoin. But with the launch now indefinitely paused, optimism has turned into panic.
đ„ Market Fallout:
XRP plunged 10%, SOL dropped 6.5%, and ADA slid 8%.
Liquidations surged past $800 million, mostly affecting long positions in altcoins.
Hopes for a full-blown altseason have taken a major hit, with ETF inflows no longer driving short-term bullish sentiment.
This latest SEC move raises fresh concerns about regulatory unpredictability in the U.S. crypto space.
đ» #SECvsCrypto
đ» #AltcoinCrash
đ» #CryptoNews
đ Whatâs Going On?
In a shocking reversal, the U.S. SEC has withdrawn its earlier approval for a highly anticipated multi-crypto spot ETF that included $XRP, $SOL, and $ADA. The agency cited âadministrative errorsâ as the reason behind the sudden decision, leaving investors confused and frustrated.
Key Prices at the Time of Announcement:
SOL: $189.29 (-0.33%)
ADA: $0.8229 (+0.46%)
This ETF was expected to be a game-changerâthe first to offer exposure to major altcoins alongside Bitcoin. But with the launch now indefinitely paused, optimism has turned into panic.
đ„ Market Fallout:
XRP plunged 10%, SOL dropped 6.5%, and ADA slid 8%.
Liquidations surged past $800 million, mostly affecting long positions in altcoins.
Hopes for a full-blown altseason have taken a major hit, with ETF inflows no longer driving short-term bullish sentiment.
This latest SEC move raises fresh concerns about regulatory unpredictability in the U.S. crypto space.
đ» #SECvsCrypto
đ» #AltcoinCrash
đ» #CryptoNews
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XRP
3.2766
+3.40%
ETH
4,611.57
+8.47%