The U.S. Securities and Exchange Commission has postponed its assessment of Truth Social’s proposed Bitcoin exchange-traded fund, shifting the decision deadline to September 18, 2025. This extension highlights heightened regulatory scrutiny amid increasing political engagement and a flood of cryptocurrency ETF applications across the market.
Truth Social initially filed its Bitcoin ETF application in June 2025, seeking to list on NYSE Arca. The proposal is supported by Trump Media & Technology Group. Beyond this flagship product, the media company has introduced two additional crypto ETF proposals: a combined Bitcoin and Ethereum fund with a 75%/25% allocation, along with a diversified basket fund featuring Bitcoin, Ethereum, Solana, Cronos, and XRP.
The regulatory delay impacts multiple alternative cryptocurrency ETF applications currently under review. Industry players such as Grayscale’s Solana Trust and Canary Capital’s Litecoin ETF evaluation timelines will be affected. The surge in digital asset ETF submissions—accelerated by the current presidential administration—has substantially increased the SEC’s workload and contributed to processing delays across the crypto sector.