The Securities and Exchange Commission (SEC) has extended its review period for a proposed Truth Social Bitcoin and Ethereum ETF. The decision, originally due on August 24, has been pushed back to October 8, 2025.
According to the SEC, the delay is necessary to give the agency more time to thoroughly review the proposed rule change. This ETF, backed by Donald Trump's Truth Social, aims to provide investors with exposure to both Bitcoin (BTC) and Ethereum (ETH), with a 75%/25% asset allocation, respectively.
In addition to this dual-asset fund, Truth Social has also proposed a standalone Bitcoin ETF and a "Blue Chip Crypto ETF" that would include BTC, ETH, SOL, XRP, and CRO.
While other firms like Hashdex and Franklin Templeton have already received approval for similar funds, the involvement of Truth Social has brought considerable attention to this particular proposal. The crypto community will have to wait until October to see if the SEC gives its verdict on the Trump-affiliated ETF.
August 2025, Cryptoniteuae