Catenaa, Tuesday, August 19, 2025-The Securities and Exchange Commission has delayed its decision on Truth Social’s proposed Bitcoin and Ethereum exchange-traded fund, extending the review period to October 8 as the agency weighs a growing number of crypto-related filings.
The ETF, tied to the social media platform operated by Trump Media & Technology Group, was first submitted in June and has drawn criticism over President Donald Trump’s financial ties to the crypto sector.
Watchdog group Accountable.US urged the SEC to reject the application, warning that approval could undermine public trust in the agency.
The SEC also postponed rulings on several other funds, including the CoinShares Litecoin ETF, CoinShares XRP ETF, and 21Shares Core XRP ETF, shifting deadlines into late October.
Additional delays were later filed for the Canary XRP Trust, Grayscale XRP Trust and a proposal involving staking for the 21Shares Core Ethereum ETF.
In its filing, the agency said more time was needed to fully assess the proposals.
“The Commission finds it appropriate to designate a longer period within which to take action,” it wrote.
The regulator’s stance on crypto ETFs has evolved under Trump’s administration.
Last month, the SEC approved in-kind creations and redemptions for crypto ETFs and permitted applications for trading spot Bitcoin and Ethereum products, along with options tied to some funds.
The latest delays continue a pattern of incremental decision-making as the SEC balances market demand, political scrutiny and questions about investor protection.
