Grayscale Stunned as SEC Halts Trading on Solana & XRP ETFs—’This Changes Everything’
The crypto world got whiplash today as Grayscale dropped a bombshell: the SEC just slammed the brakes on trading for ETFs holding Solana and XRP. Nobody saw this coming—least of all the investors who thought regulators were finally warming up to altcoins.
Here's why it matters: Grayscale's been leading the charge for crypto ETF approvals, and this move throws cold water on the '2025 altseason' narrative. The SEC's reasoning? Still murky—classic regulator move.
Market reaction was instant. SOL and XRP both took 5-7% hits within minutes of the news. Traders are now scrambling to price in the new regulatory risk—because nothing says 'bull market' like arbitrary intervention from Washington.
One hedge fund manager put it best: 'First they ignore you, then they laugh at you, then they pause your ETFs. We just skipped straight to step three.'
