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SEC postpones decision on Truth Social Bitcoin ETF.
- SEC has postponed its decision on Truth Social Bitcoin ETF to September 18, 2025.
SEC has postponed its decision on Truth Social #Bitcoin #ETF to September 18, 2025.
Since January 2024, the SEC has given the go-ahead to 12 spot bitcoin ETFs that have attracted over $ 54.8 billion in investments.
The SEC also delayed its decision on Grayscale #Solana Trust until October 10, 2025.
the U. S. Securities and Exchange Commission (SEC) has postponed approval of bitcoin fund Truth Social. The decision, previously expected in July, has been postponed to Sept. 18, 2025, the SEC said in an official statement released Monday.
ETF is linked to Truth Social, a social media app closely associated with former President Donald Trump, who is also an active user of the platform. Trump Media applied for the ETF in June, making it one of the first participants in the fast-growing digital asset investment market.
The Commission believes that a longer time period for action on the proposed rule change is appropriate to allow the Commission sufficient time to consider the proposed rule change and the issues it raises, the SEC added in the letter.
The delay means investors and analysts will have to wait at least two months before knowing whether regulators will approve a bitcoin ETF linked to the politically charged brand. The fund would allow small, traditional investors to gain exposure to bitcoin by buying shares on conventional stock exchanges without owning the #cryptocurrency itself.
If the Truth Social Bitcoin ETF is approved, it will only add to Trump's growing influence in the cryptocurrency world. It will also add a politically-branded fund to a category that is already breaking records for demand among investors.
