Top Cryptocurrencies to Buy Now After SEC Halts Bitwise Multi-Asset ETF Approval

• What Happened With the Bitwise ETF Suspension?
• How Is This Affecting Crypto Markets?
• 3 Cryptocurrencies Worth Considering Now
• Investment Considerations
• Q&A: Understanding the SEC's ETF Decision

The cryptocurrency market faced unexpected turbulence on July 22, 2025, when the U.S. SEC abruptly suspended its approval of the Bitwise 10 Crypto Index ETF shortly after initially greenlighting it. This regulatory whiplash has created both challenges and opportunities for crypto investors. In this volatile environment, meme coins like TOKEN6900, utility projects like Snorter, and community-driven assets like Wall Street Pepe are emerging as intriguing options alongside established cryptocurrencies.

What Happened With the Bitwise ETF Suspension?

The SEC's sudden about-face came just days after approving the Bitwise ETF that WOULD track major cryptocurrencies including Bitcoin, Ethereum, Solana, XRP, and Cardano. SEC Secretary Vanessa Countryman issued the suspension order under Rule 431, stating the Commission needed to review the delegated action. This follows a similar pattern to the Grayscale GLDC ETF conversion delay earlier this year.

Nate Geraci, President of NovaDius Wealth Management, called the situation "absurd" on Twitter, urging the SEC to complete the approval process immediately. The move highlights the ongoing regulatory uncertainty in crypto markets, even after the passage of the CLARITY Act.

How Is This Affecting Crypto Markets?

While immediate price impacts have been muted, the suspension creates uncertainty that could increase volatility. According to TradingView data, bitcoin dipped 2.3% following the news before recovering most losses. The situation has some investors looking beyond traditional assets toward newer projects offering first-mover advantages.

3 Cryptocurrencies Worth Considering Now

TOKEN6900: The Anti-ETF Meme Coin

In what feels like perfect irony, TOKEN6900 has emerged as the unofficial mascot of this regulatory chaos. This pure meme coin with zero utility has raised over $1 million in presale, capitalizing on the absurdity of current market conditions.

Its Windows 95-inspired aesthetic and AI-generated memes perfectly capture the "brainrot" culture dominating crypto Twitter. While traditional investors might scoff, TOKEN6900's unapologetic embrace of chaos resonates with traders who view markets as entertainment rather than serious investment vehicles.

Snorter: The Meme Coin Trading Bot

For traders looking to navigate this volatility, Snorter offers a Telegram-based solution specialized for solana meme coins. Its features include:

• Automated token sniping
• MEV protection
• Rug pull detection
• Copy trading functionality

The project's anteater mascot provides quirky branding in a space dominated by dogs and frogs. More importantly, Snorter combines meme culture with actual utility - a rare combination in this space.

Wall Street Pepe: The People's Crypto

Channeling the spirit of the WallStreetBets movement, Wall Street Pepe (WEPE) positions itself as the meme coin for retail investors. Its ecosystem includes:

• Alpha Trading Chat for community signals
• Multi-chain expansion (currently on Solana)
• One of 2025's most successful presales

The project's suited-up PEPE mascot symbolizes its mission to bring professional-grade tools to everyday traders.

Investment Considerations

While the SEC's actions create uncertainty, they also present opportunities. Established cryptocurrencies remain relatively stable options, while newer projects offer higher risk/reward potential. As always, diversification and risk management are crucial in these market conditions.

This article does not constitute investment advice. cryptocurrency investments are volatile and high risk.

Q&A: Understanding the SEC's ETF Decision

Why did the SEC suspend the Bitwise ETF approval?

The SEC cited need for additional review under Rule 431, though no specific concerns were identified. This follows a pattern of cautious crypto ETF approvals.

How are meme coins relevant to ETF suspensions?

Regulatory uncertainty tends to benefit assets that thrive on chaos and internet culture, creating ideal conditions for certain meme coins.

What makes Solana meme coins particularly active?

Solana's low fees and fast transactions make it ideal for the rapid trading meme coins often see.