Catenaa, Tuesday, July 29, 2025- The US Securities and Exchange Commission on Monday delayed its decision on whether to approve the Truth Social Bitcoin ETF, a proposed fund backed by Trump Media & Technology Group. The decision has been postponed until Sept. 18, according to a regulatory filing.
The SEC said it needed more time to evaluate the rule change, stating, “The Commission finds it appropriate to designate a longer period… so that it has sufficient time to consider the proposed rule change and the issues raised therein.”
Truth Social, a social media platform tied to President Donald Trump, submitted its ETF application in June. If approved, the move would deepen the Trump family’s growing involvement in the cryptocurrency sector. Trump has already promoted memecoins and backed a decentralized finance (DeFi) project known as World Liberty Financial.
The decision delay comes amid a surge in crypto ETF applications since Trump returned to office in January. He has pledged to make the US a global hub for digital assets and appointed crypto-friendly regulator Paul Atkins to chair the SEC.
The Truth Social Bitcoin ETF is one of several proposals the agency is considering. On the same day, the SEC also postponed a ruling on the Grayscale Solana Trust until Oct. 10. Other firms including 21Shares, VanEck, and Bitwise are also seeking to launch Solana-based funds.
The SEC approved the first spot Bitcoin ETFs in January 2024. Since then, 12 funds have attracted more than $54.8 billion in combined inflows, making it one of the top-performing ETF classes on record.
