SEC Extends Review of Truth Social Bitcoin ETF Decision
- SEC delays Truth Social’s Bitcoin ETF till September 2025.
- Decision affects BTC, ETH, SOL, LTC, XRP.
- Institutional demand for Bitcoin ETFs remains strong.
The U.S. SEC has postponed the decision on Truth Social’s Bitcoin ETF application, submitted by Trump Media & Technology Group, until at least September 18, 2025, due to regulatory concerns.
The delay highlights ongoing SEC apprehensions about crypto market manipulation and investor risks, while maintaining high institutional interest in spot Bitcoin ETFs despite uncertainty.
The U.S. Securities and Exchange Commission (SEC) has deferred a decision on Truth Social’s proposed spot Bitcoin ETF. The review period is now extended until at least September 18, 2025, amid concerns about market manipulation and custody risks.
Truth Social, spearheaded by the Trump Media & Technology Group, seeks to expand into crypto finance. The SEC, led by Chair Paul Atkins, is taking a cautious approach due to ongoing regulatory concerns and potential impacts on investors.
The delay heightens uncertainty around Bitcoin and related digital assets. Institutional investors eye Truth Social’s proposal as a significant venture for market exposure, emphasizing a continued interest in spot Bitcoin ETF products.
Truth Social’s ETF delay reflects broader regulatory challenges facing crypto finance entrants. The SEC’s caution primarily centers on market manipulation, aiming to ensure investor protection and addressing potential security gaps.
Market uncertainty persists, underscoring strong demand for spot Bitcoin ETFs despite regulatory delays. SEC decisions on major crypto assets, including SOL, LTC, and XRP, have created ripples across financial markets.
Historical trends indicate postponed ETF decisions temporarily suppress altcoin price rallies but approvals typically spur a liquidity boost for BTC markets. Paul Atkins, Chair, SEC, noted “to allow sufficient time to consider the proposed rule change and the issues raised therein.” Over $55 billion in assets flowed through Bitcoin ETFs since January 2024.
