The SEC has postponed its decision on the Truth Social Bitcoin ETF to September 18, 2025, due to increased political involvement and a surge in crypto ETF filings, affecting other altcoin funds like Grayscale as well.
-
The SEC extended the review period for Truth Social’s Bitcoin ETF, highlighting regulatory caution amid political connections.
-
Truth Social filed three crypto ETFs, marking a first for digital asset funds linked to a sitting U.S. presidential candidate.
-
Delays also impact Grayscale’s Solana Trust and other altcoin ETFs, reflecting broader regulatory scrutiny.
SEC delays Truth Social Bitcoin ETF decision amid rising political crypto filings; Grayscale and altcoin ETFs also affected. Stay updated with COINOTAG.
SEC Extends Review of Truth Social Bitcoin ETF to September 18, 2025
The U.S. Securities and Exchange Commission (SEC) has officially extended its review of the Truth Social Bitcoin ETF application, pushing the decision deadline to September 18, 2025. This extension allows the SEC additional time to thoroughly evaluate the proposal and address regulatory concerns. The ETF, filed by Truth Social in partnership with Yorkville America Digital, aims to list a spot Bitcoin ETF on NYSE Arca, becoming the first digital asset fund tied to a platform linked to President Donald Trump.
Truth Social’s ETF Proposal Submitted in June Under Standard SEC Timelines
Truth Social submitted its Bitcoin ETF proposal on June 3, 2025, with an initial SEC decision deadline of August 4. The Commission exercised its authority to extend this period by 45 days, consistent with SEC regulations allowing up to 240 days for ETF approvals. The proposed ETF follows the commodity-based trust share framework, similar to the 12 Bitcoin spot ETFs approved earlier in January 2024. Notably, while President Trump holds a majority stake in Trump Media & Technology Group (TMTG), ownership is managed via a trust controlled by Donald Trump Jr.
Expansion of Truth Social’s Crypto ETF Filings Signals Growing Digital Asset Ambitions
Beyond the Bitcoin-only ETF, Truth Social has filed two additional crypto ETF proposals. The second fund, filed on June 24, 2025, is a Bitcoin and Ethereum ETF with a 75% Bitcoin and 25% Ethereum allocation. Custody services for this fund would be provided by Foris DAX Trust Company, affiliated with Crypto.com. The third ETF, the Truth Social Crypto Blue Chip ETF, is designed to offer diversified exposure across major digital assets including Bitcoin, Ethereum, Solana, Cronos, and XRP. These filings underscore TMTG’s strategic push to broaden its presence in the digital asset sector, alongside plans for AI trademarks and a utility token launch.
SEC Delays Also Impact Grayscale and Other Altcoin ETF Applications
The SEC’s postponement extends beyond Truth Social’s filings. The agency delayed its decision on the Grayscale Solana Trust to October 10, 2025, and similarly extended the review for Canary Capital’s Litecoin ETF. Other firms such as Bitwise, 21Shares, and VanEck await rulings on proposed Solana funds. Commissioner Hester Peirce has attributed these delays to internal regulatory discussions, legal complexities, and overlapping jurisdictional issues. The surge in crypto ETF filings since President Trump’s administration has increased regulatory workload, coinciding with the appointment of Paul Atkins, a crypto-friendly figure, as SEC chair.
What is the Truth Social Bitcoin ETF and Why is the SEC Delaying Its Decision?
The Truth Social Bitcoin ETF is a proposed spot Bitcoin exchange-traded fund linked to Trump Media & Technology Group, aiming to offer investors direct exposure to Bitcoin. The SEC is delaying its decision to thoroughly evaluate regulatory and political implications, ensuring compliance with existing financial laws and addressing concerns raised by the ETF’s unique political associations.
How Does Truth Social’s ETF Compare to Other Crypto ETF Filings?
Truth Social’s ETFs stand out due to their direct ties to a sitting U.S. presidential candidate’s business interests, a first in the crypto ETF space. Unlike traditional ETFs, these funds include diversified digital assets such as Ethereum, Solana, and XRP. Custody partnerships with established firms like Foris DAX Trust Company enhance security and regulatory compliance, differentiating these products from other pending altcoin ETFs.
| ETF Name | Asset Allocation | Decision Deadline |
|---|---|---|
| Truth Social Bitcoin ETF | 100% Bitcoin | September 18, 2025 |
| Truth Social Bitcoin & Ethereum ETF | 75% Bitcoin, 25% Ethereum | Pending |
| Grayscale Solana Trust | 100% Solana | October 10, 2025 |
Frequently Asked Questions
Why is the SEC taking longer to approve crypto ETFs like Truth Social’s?
The SEC is extending review periods to ensure thorough regulatory compliance and to address complexities arising from political affiliations and the expanding crypto ETF market.
How will the Truth Social Bitcoin ETF impact the crypto market?
The ETF could increase institutional adoption of Bitcoin, especially given its unique political connections, potentially influencing regulatory approaches and investor interest.
Key Takeaways
- SEC Delay: The SEC extended the Truth Social Bitcoin ETF review to September 18, 2025, for thorough regulatory evaluation.
- Political Significance: This ETF is the first linked to a platform owned by a sitting U.S. presidential candidate, increasing scrutiny.
- Broader Impact: Delays also affect Grayscale and other altcoin ETFs, reflecting heightened regulatory caution amid rising crypto filings.
Conclusion
The SEC’s delay of the Truth Social Bitcoin ETF highlights the growing intersection of politics and crypto regulation. As digital asset ETF filings surge, regulatory bodies are exercising increased caution to ensure compliance and market stability. Investors should monitor these developments closely as they may shape the future landscape of crypto investment products.
