SEC postpones Truth Social’s Bitcoin and Ethereum ETF decision to Oct. 8, 2025, citing need for further review amid Trump’s crypto ties.
The review period for the Truth Social Bitcoin and Ethereum ETF has been extended by the U.S. Securities and Exchange Commission (SEC). The SEC is required to either approve or deny the ETF. This further delays the prospective launch of one of the few funds offering investors spot exposure to BTC and ETH in a single package.
SEC Delays Decision on Truth Social’s Bitcoin and Ethereum ETF
The SEC has announced extending the 45-day review period for NYSE Arca’s application to list and trade shares of the Truth Social Bitcoin and Ethereum ETF. The deadline was established for August 24, which was 45 days.
Nevertheless, the Commission is now required to determine whether or not to sanction the fund by October 8. The Division of Trading and Markets has determined that it is appropriate to establish an extended period within which to address the proposed rule change.
The SEC will be required to either approve or disapprove the proposed rule change to list and trade shares of the Truth Social Bitcoin and Ethereum ETF, or to initiate proceedings to determine whether to disapprove it, by October 8.
As previously reported, the Donald Trump company filed to offer this fund in June. The review procedure commenced shortly after the NYSE Arca filed the 19b-4 to list and trade the fund’s shares.
The Truth Social Bitcoin and Ethereum ETF will maintain a 75% allocation to Bitcoin and 25% allocation to Ethereum. In this manner, investors can acquire exposure to the two largest cryptocurrencies by market capitalization in a single package. In addition to this fund, the organization had submitted applications for a Bitcoin ETF and a “Blue Chip Crypto ETF,” comprising BTC, ETH, SOL, XRP, and CRO.
It is essential to mention that Truth Social’s Bitcoin and Ethereum ETF will not be the first to offer investors exposure to both BTC and ETH. A comparable fund has been authorized by the Securities and Exchange Commission (SEC) for Franklin Templeton and Hashdex.