The U.S. Securities and Exchange Commission (SEC) has once again pushed back its decision on multiple crypto exchange-traded funds (ETFs), including one tied to Truth Social, the social media platform owned by Trump Media & Technology Group.
Truth Social’s Bitcoin and Ethereum ETF Decision Postponed
According to an SEC filing on August 18, 2025, the next deadline for the Truth Social Bitcoin and Ethereum ETF has been set for October 8, 2025. The delay is part of the SEC’s routine process of extending deadlines as it evaluates dozens of crypto-related ETF applications.
If approved, the fund would be one of the few ETFs directly tied to Bitcoin (BTC) and Ethereum (ETH) holdings, reflecting the increasing demand for regulated crypto investment vehicles. However, the filing noted that the commission needs more time to consider the rule change and issues raised.
Other Crypto ETFs Also Delayed
Alongside the Truth Social ETF, the SEC also postponed decisions on three other products:
- CoinShares Litecoin (LTC) ETF
- CoinShares XRP ETF
- 21Shares Core XRP ETF
These will now face later October deadlines, pushing back potential approval for further diversification of crypto-based investment products.
The Truth Social ETF is drawing extra scrutiny due to Donald Trump’s involvement in cryptocurrency ventures. Trump and his family have previously profited from initiatives such as World Liberty Financial, a DeFi and stablecoin project, and from memecoins like TRUMP and MELANIA.
Critics, including Caroline Ciccone of Accountable.US, argue that approving such a product could raise concerns about conflicts of interest and whether the SEC’s actions benefit the broader market or the president’s personal business interests.
SEC’s Changing Approach Toward Crypto ETFs
The SEC’s stance on crypto ETFs has shifted significantly over the past year under Trump’s presidency. In July, the commission approved in-kind creations and redemptions for crypto ETFs and allowed applications for spot Bitcoin and Ethereum ETFs as well as options on certain Bitcoin ETPs.
This marks a sharp contrast from earlier regulatory hesitancy during the Biden administration, though that era also saw landmark approvals of the first spot Bitcoin ETFs and later Ethereum ETFs, following key court rulings.
The delays highlight ongoing regulatory uncertainty surrounding digital asset ETFs. While investors remain optimistic about the eventual approval of more crypto-based funds, political dynamics and market risks may continue to influence the SEC’s decision-making process.
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.