Trump Media’s Bitcoin ETF in limbo as SEC extends review timeline to September
The post Trump Media’s Bitcoin ETF in limbo as SEC extends review timeline to September appeared on BitcoinEthereumNews.com. The US Securities and Exchange Commission (SEC) has postponed the approval of the Truth Social Bitcoin ETF. A ruling, which had previously been anticipated in July, has been postponed until September 18, 2025, according to an official filing issued on Monday. The ETF is linked to Truth Social, the social media app closely associated with President Donald Trump, who is also an active user on the platform. Trump Media submitted their ETF application in June, positioning them to be one of the early entrants into the rapidly growing digital asset investment space. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” added the SEC in the letter. The delay means investors and analysts will wait at least two months before determining whether regulators approve a Bitcoin ETF linked to a politically charged brand. The fund would let small-dollar investors of the traditional variety gain access to Bitcoin as they buy shares on regular stock exchanges, without holding the cryptocurrency itself. If approved, the Truth Social Bitcoin ETF would only solidify Trump’s burgeoning sway in the crypto world. It would also add a politically branded fund to a category already setting records for investor demand. Approved crypto ETFs thrive as others face delays Since the beginning of the year, the SEC has green-lighted 12 spot Bitcoin ETFs, unleashing a wave of traditional investor access to the digital currency. Together, the ETFs have pulled in over $54.8 billion, making them one of the most successful U.S. ETF launches ever. Riding the wave, the SEC also approved Ethereum ETFs, solidifying crypto’s position in the pantheon of traditional finance. But other approvals have been more sluggish.…
The post Trump Media’s Bitcoin ETF in limbo as SEC extends review timeline to September appeared on BitcoinEthereumNews.com.
The US Securities and Exchange Commission (SEC) has postponed the approval of the Truth Social Bitcoin ETF. A ruling, which had previously been anticipated in July, has been postponed until September 18, 2025, according to an official filing issued on Monday. The ETF is linked to Truth Social, the social media app closely associated with President Donald Trump, who is also an active user on the platform. Trump Media submitted their ETF application in June, positioning them to be one of the early entrants into the rapidly growing digital asset investment space. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” added the SEC in the letter. The delay means investors and analysts will wait at least two months before determining whether regulators approve a Bitcoin ETF linked to a politically charged brand. The fund would let small-dollar investors of the traditional variety gain access to Bitcoin as they buy shares on regular stock exchanges, without holding the cryptocurrency itself. If approved, the Truth Social Bitcoin ETF would only solidify Trump’s burgeoning sway in the crypto world. It would also add a politically branded fund to a category already setting records for investor demand. Approved crypto ETFs thrive as others face delays Since the beginning of the year, the SEC has green-lighted 12 spot Bitcoin ETFs, unleashing a wave of traditional investor access to the digital currency. Together, the ETFs have pulled in over $54.8 billion, making them one of the most successful U.S. ETF launches ever. Riding the wave, the SEC also approved Ethereum ETFs, solidifying crypto’s position in the pantheon of traditional finance. But other approvals have been more sluggish.…
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