SEC Postpones Decision on Truth Social Bitcoin ETF
The U.S. Securities and Exchange Commission (SEC) has postponed its resolution on the approval of the Truth Social spot Bitcoin exchange-traded fund (ETF).
The company introduced that it’s going to prolong the overview interval and invited the general public to offer feedback on the appliance.
SEC Opens Public Commenting
The proposal was filed in June 2025 by NYSE Arca on behalf of Trump Media and Technology Group (TMTG). However, the SEC positioned the appliance below prolonged overview in late July, and on September 16, up to date its docket to permit for public suggestions.
If given the inexperienced mild, the fund can be a commodity-based belief below Rule 8.201-E. It would additionally maintain BTC immediately and observe the crypto asset’s value minus charges and bills. Yorkville America Digital, LLC is listed because the sponsor, and the ETF would commerce on NYSE Arca.
Trump Media has additionally submitted purposes for different crypto merchandise. These embody the Truth Social Crypto Blue Chip ETF, lodged in July 2025, which proposes a basket of 5 digital property, together with BTC, ETH, SOL, CRO, and XRP, and a separate fund designed to offer publicity to BTC and ETH.
The SEC has to this point acknowledged the 2 proposals, placing them below energetic analysis. It moved its resolution on the BTC & ETH funds to October 8, whereas no formal delay has been introduced for the Blue Chip ETF.
Over 92 ETF Applications Await Resolution
The regulator’s Truth Social resolution marks the most recent in a sequence of postponements below its new Chair, Paul Atkins. More than 92 crypto ETF purposes stay pending, with the monetary watchdog anticipated to challenge a wave of selections in October as soon as a generic itemizing framework is finalized.
Among the delayed filings are Franklin Templeton’s SOL and XRP ETFs, pushed to November 14 after the SEC used its full 60-day extension. BlackRock’s iShares ETH Trust has been rescheduled to October 30 following a 45-day stretch. The 21Shares SOL and XRP ETFs now face new deadlines of October 16 and 19, whereas WisdomTree’s XRP Fund, filed by means of Cboe BZX, has been moved to the 24 below extended overview.
Other altcoin and meme-based merchandise which have been rescheduled embody Grayscale’s HBAR Trust and Bitwise’s DOGE ETF, whose resolution dates have been modified to November 12.
However, the brand new management below the Trump administration raises the probabilities of a possible inexperienced mild for these funding merchandise. Analysts like Nate Geraci, president of NovaDius Wealth Management, have additionally predicted an imminent surge in approvals for altcoin ETFs within the subsequent two months.
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