Bitcoin News: Truth Social Bitcoin ETF Decision Delayed Until September by SEC

The SEC has postponed its decision on Truth Social's Bitcoin ETF until Sept. 18.

Bitcoin News: The SEC has postponed its decision on Truth Social's Bitcoin ETF until Sept. 18.

The agency said it needs more time to consider the proposed rule change and related issues.

Truth Social, operated by Trump Media & Technology Group, filed for the ETF in June.

Approval would deepen Trump-linked crypto activity following the president's meme coin ventures and World Liberty Financial backing.

The SEC initially approved spot Bitcoin ETFs in January 2024, with 12 funds accumulating over $54.8 billion in inflows.

Monday also saw the SEC delay its decision on Grayscale's Solana Trust until Oct. 10.

Multiple firms, including Canary, Bitwise, 21Shares and VanEck, are competing for Solana ETF approval.

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