TLDR

The U.S. SEC has delayed its decision on the Truth Social Bitcoin ETF until September 18.
Truth Social filed for the Bitcoin ETF in June under Trump Media and Technology Group.
The SEC stated it needs more time to review the proposed rule change and related issues.
Truth Social’s ETF would expand its involvement in the growing crypto investment market.
The SEC has approved 12 spot Bitcoin ETFs since January with over $54.8 billion in inflows.

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on a proposed Bitcoin ETF filed by Truth Social. The platform, operated by Trump Media & Technology Group, applied in June. The SEC now plans to issue a decision on or before September 18.

The filing stated that the delay would allow sufficient time for review and analysis of the proposed rule change. If approved, the Truth Social Bitcoin ETF would increase the company’s crypto presence. It also follows broader digital asset initiatives by former President Donald Trump and his affiliates.

Since Truth Social entered the ETF space, interest in politically-linked crypto products has increased. However, the SEC continues to follow procedural timelines for all digital asset filings. Truth Social remains at the center of these developments as it expands its financial offerings.

Truth Social Bitcoin ETF Decision Moved to September

The SEC extended the deadline for the Truth Social Bitcoin ETF after evaluating feedback from earlier comment periods. While not unusual, this delay holds significance due to the platform’s political affiliations. Truth Social filed the ETF application shortly after Trump’s public endorsements of digital assets.

Truth Social has increasingly positioned itself within the cryptocurrency sector through token projects and decentralized finance initiatives. The ETF would represent its most prominent entry into traditional financial markets. This product would track Bitcoin’s spot price and join other crypto funds already approved this year.

So far, the SEC has approved 12 spot Bitcoin ETFs since January, which have attracted over $54.8 billion in cumulative inflows. These funds include products from major issuers such as BlackRock and Fidelity. Truth Social aims to secure a share of this growing market, aligning with pro-crypto policies under Trump.

Grayscale’s Solana ETF Also Faces Delay

On the same day, the SEC delayed its decision on the Grayscale Solana Trust until October 10. The fund aims to offer spot Solana exposure and would be among the first of its kind. Multiple issuers, including Bitwise and VanEck, are also awaiting decisions on similar applications.

The delay reflects the SEC’s standard review process and rising submissions related to altcoin ETFs. Grayscale’s Solana Trust is part of broader efforts to expand institutional access to digital assets. Altcoin ETFs remain under review, unlike spot Bitcoin and Ethereum funds.

The SEC’s review comes amid increased crypto activity linked to Truth Social and other Trump-affiliated projects. Solana’s price movements and growing ecosystem have attracted attention from asset managers.

The post SEC Extends Review Period for Truth Social and Grayscale ETFs appeared first on CoinCentral.

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Filed under: News - @ July 28, 2025 10:28 pm