Decision on Bitcoin ETF for Truth Social, Initially Scheduled by SEC, Now Delayed
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the approval of the Truth Social spot Bitcoin exchange-traded fund (ETF), originally scheduled for September 29. The review period has been extended to October 8, 2025, due to the high volume of ETF proposals and the agency's methodical evaluation process.
The Truth Social spot Bitcoin ETF, if approved, would be a commodity-based trust under Rule 8.201-E and would hold Bitcoin directly, tracking the crypto asset's price minus fees and expenses. The proposal was filed in June 2025 by NYSE Arca on behalf of Trump Media and Technology Group (TMTG). Yorkville America Digital, LLC is listed as the sponsor, and the ETF would trade on NYSE Arca.
In addition to the Bitcoin ETF, Trump Media has also submitted applications for other crypto products. The Truth Social Crypto Blue Chip ETF, proposing a basket of five digital assets, including Bitcoin, Ethereum, Solana, Crypto.com Chain, and Ripple, was lodged in July 2025.
The SEC's decision on the Truth Social Bitcoin ETF is one of over 92 crypto ETF applications that remain pending. Analysts have predicted an imminent surge in approvals for altcoin ETFs in the next two months. The new leadership under the Trump administration may increase the chances of a potential green light for these investment products.
Meanwhile, the SEC has invited the public to provide comments on the application for the Truth Social spot Bitcoin ETF. The SEC has also rescheduled the decision dates for several other crypto ETFs, including Franklin Templeton's SOL and XRP ETFs, Grayscale's HBAR Trust, Bitwise's DOGE ETF, 21Shares SOL and XRP ETFs, and BlackRock's iShares ETH Trust, all of which have new deadlines ranging from October 12 to November 14.
The SEC is expected to issue a wave of decisions in October once a generic listing framework is finalized. This development comes as part of initiatives inspired by President Trump's push for regulatory relief and modernization of securities rules. The SEC's move aligns with these initiatives, aiming to reduce regulatory burdens and promote the growth of the crypto market.
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