Advertise
- Zameer Attar
Zameer Attar
- Reviewed by:
Anjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
- Jul 29, 2025 12:34 UTC
-
ETF News Today: SEC Extends Deadline of Truth Social Bitcoin ETF to September 18
Truth Social Bitcoin ETFs and Grayscale’s Solana Trust decision gets delayed by the US SEC.
Crypto experts and democrats raise concern about Trump's involvement in crypto causing conflict on interest in political regulations.
The US Securities and Exchange Commission (SEC) released a notice on Monday, announcing that it has delayed decisions on Truth Social Bitcoin ETFs and Grayscale’s Solana Trust. It has extended the review deadline to September 18.
SEC Delays Decision on Truth Social Bitcoin ETF
The Truth Social ETF, backed by the Trump Media and Technology Group, seeks SEC approval to be listed on the NYSE Arca Exchange. The fund application was submitted on June 3 and is still in the early stages.
Originally, the decision-making on Truth Social Bitcoin exchange-traded fund (ETF) was set to release on August 4. However, the SEC delayed the review period by 45 days. The agency said that the extended period will allow them to review the proposal and consider public comments.
The SEC wrote in the notice, “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.”
- Also Read :
- Trump-Backed WLF Buys $1M More in Ethereum: Reports
- ,
Crypto Ties and Political Concerns Jumble
President Trump has doubled his wealth in a year with his crypto ties. If the SEC approves the Truth Social ETF, it will become the first crypto-related fund tied to a US president. Many democrats have voiced their concerns. Some crypto experts even said that Trump’s ties with cryptocurrency could cause a conflict of interest.
Senator Jeff Merkley said, “Allowing Trump to create a Bitcoin ETF is opening the door to abuse of power. He can influence the regulation and then profit from it.”
SEC approved spot Bitcoin ETFs earlier this year, but now it is delaying the decision for the Truth Social ETF. This reflects its hesitation about broader challenges in the crypto regulatory space.
Additionally, Grayscale’s proposed conversion of its Solana Trust into an ETF is now pushed to October 10 for SEC approval.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
SEC extended review period to Sept 18, citing need for more time to evaluate proposal and public comments on Trump-linked crypto ETF.
Grayscale’s Solana Trust ETF decision delayed to Oct 10, following similar postponement of Truth Social Bitcoin ETF review.
Critics warn of conflict of interest as Trump’s crypto investments doubled his wealth; Senator Merkley calls it “abuse of power.”
Yes 
No 
