Overview

• The SEC has delayed its decision on the Truth Social Bitcoin ETF until September 18 by invoking the full 270-day review period.
• This postponement is part of a broader regulatory pause that also affects Grayscale’s Solana Trust conversion and Canary Capital’s proposed Litecoin ETF.
• Truth Social’s ETF application was submitted in June by Trump Media & Technology Group as the platform expands into digital asset offerings.
• Under former Chair Gary Gensler, spot Bitcoin ETFs launched in January 2024 drew more than $55 billion in investor inflows.
• The agency said it needs additional time to assess technical mechanics such as staking arrangements and in-kind redemption processes.