The SEC has extended its review period for the Truth Social Bitcoin ETF application, now due by September 18, 2025, amid scrutiny over its political ties.
The U.S. Securities and Exchange Commission has postponed its decision on the Truth Social Bitcoin ETF until at least September 18, 2025, extending the review period by 45 days from the initial August 4 deadline. This extension is standard under SEC rules, which allow up to 240 days for review. The ETF, proposed by NYSE Arca on behalf of Yorkville America Digital, is scrutinized due to its connections with Trump Media and Technology Group, which is majority-owned by President Donald Trump. The SEC is also reviewing other ETFs, including Grayscale’s proposed Solana Trust and a planned Litecoin ETF, amid ongoing regulatory challenges for crypto products.