The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Truth Social Bitcoin Exchange-Traded Fund (ETF), backed by Trump Media & Technology Group.
Regulators extended the review period for the proposed ETF from August 4 to September 18, granting them additional time to evaluate the application.
This delay extends beyond the Truth Social Bitcoin ETF. Other crypto-related investment vehicles, including Grayscale’s Solana Trust and Canary Capital’s Litecoin ETF, also face extended deadlines, now pushed to October.
The Truth Social Bitcoin ETF proposal aims to provide investors with commodity-based Bitcoin exposure and intends to list on the NYSE Arca exchange, should it receive approval.
The SEC’s decision to delay multiple cryptocurrency ETF applications reflects continued regulatory caution. The agency appears focused on assessing potential risks to market integrity and concerns regarding investor protection protocols.
The postponement means investors must wait longer for clarity on these specific crypto ETFs. The SEC asserts the extended review period allows for a comprehensive assessment of the associated risks amid rising market interest in such products.