The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Truth Social Bitcoin ETF, a crypto investment product proposed by Trump Media & Technology Group. According to a regulatory filing on July 28, the agency now has until September 18 to issue a final decision.
Extended Review Period for Trump-Linked ETF
“The Commission finds it appropriate to designate a longer period… to consider the proposed rule change and the issues raised therein,” the SEC stated in its official notice.
The ETF, filed in June 2025, seeks to provide investors with spot Bitcoin exposure through a fund affiliated with Truth Social, the social media platform where former President Donald Trump regularly posts.
Political and Financial Implications
If approved, the ETF would mark a significant expansion of the Trump family’s crypto involvement. Trump has recently backed blockchain ventures like World Liberty Financial, a DeFi project, and has embraced memecoins as part of his digital asset portfolio strategy.
An approval could signal deeper Republican alignment with the crypto industry ahead of the 2026 election cycle.
Spot Bitcoin ETFs Already Gaining Traction
Since the SEC first approved spot Bitcoin ETFs in January 2024, 12 funds have launched, collectively attracting over $54.8 billion in inflows. These ETFs are among the top-performing investment products in the U.S. since their inception.
The SEC has also approved Ethereum ETFs but continues to delay decisions on spot altcoin funds like Solana, DOGE, and others.
Grayscale Solana ETF Decision Also Pushed Back
On the same day, the SEC delayed its ruling on the Grayscale Solana Trust to October 10, reflecting broader hesitation on approving altcoin-based ETFs. Firms including 21Shares, VanEck, Canary, and Bitwise are all competing for approval.
Delays are routine, but the influx of politically linked crypto proposals marks a new chapter in SEC-crypto relations.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.