CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Jul 28, 2025 upd. 30 Jul
13 0

SEC Extends Review Period for Truth Social Bitcoin ETF to September

1 min

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Truth Social Bitcoin ETF until September 18. This application was submitted by Trump Media & Technology Group in June.

Key points include:

  • The SEC also postponed decisions on the Grayscale Solana Trust and Canary Capital's Litecoin ETF.
  • This delay is part of a broader regulatory pause under SEC Chair Paul Atkins, who typically extends reviews to the maximum period of 270 days.
  • Discussions are ongoing regarding staking and in-kind redemption mechanics for pending Solana-based ETFs.
  • The Truth Social Bitcoin ETF follows the SEC's previous approval of spot bitcoin ETFs that have attracted over $55 billion in investor inflows since January.
  • Truth Social is seeking to expand its crypto offerings with additional products, including the Truth Social Crypto Blue Chip ETF and a dual bitcoin and ethereum ETF.

The SEC stated the extension allows sufficient time to consider the proposed rule change and related issues.