Truth Social Bitcoin ETF | Crypto

The SEC delayed decisions on the Truth Social Bitcoin ETF and Grayscale’s Solana Trust, extending review periods as the US Congress moves with crypto regulation. The US Securities and Exchange Commission (SEC) on Monday delayed its decision on the proposed Truth Social Bitcoin exchange-traded fund (ETF), extending the review deadline to Sept. 18 from Aug. 4. The fund, backed by the Trump Media and Technology group, is seeking approval to list the Truth Social Bitcoin ETF on the NYSE Arca exchange under the SEC’s commodity-based trust share framework.  The agency, which can take up to 270 days to approve or reject ETF applications, said it extended the review period to allow more time to evaluate the proposal and any issues raised. Read more

A Bitcoin ETF branded with Donald Trump’s social media platform, Truth Social, is seeking a green light from the Securities and Exchange Commission. US President Donald Trump’s sprawling crypto empire could grow even larger, as filings show plans for a Bitcoin exchange-traded fund (ETF) branded with his social media platform, Truth Social. Stock exchange NYSE Arca filed for the Truth Social Bitcoin ETF with the Securities and Exchange Commission on June 3 on behalf of crypto asset manager Yorkville America Digital, a partner of Truth Social’s owner, Trump Media & Technology Group. Trump is the majority owner of Trump Media, but moved his shares into a trust controlled by his son, Donald Trump Jr., before he re-entered the White House. Read more