The Securities and Exchange Commission announced that it will extend the review of NYSE Arca’s application to list and trade shares of the Truth Social Bitcoin and Ethereum ETF.
The original 45-day deadline was August 24, but regulators have now pushed the decision to October 8, 2025.
By then, the SEC must either approve, reject, or initiate further proceedings on the proposal. The agency stated that the extension was necessary to allow for a more thorough evaluation of the rule change.
Trump-Backed Crypto Fund Proposal
The ETF, filed in June by Donald Trump’s Truth Social, would allocate 75% of its holdings to Bitcoin and 25% to Ethereum, giving investors exposure to both leading cryptocurrencies in a single product. Alongside this filing, the company has also proposed a standalone Bitcoin ETF and a broader “Blue Chip Crypto ETF,” which would include BTC, ETH, SOL, XRP, and CRO.
Competing Funds Already Approved
While this would not be the first ETF to combine Bitcoin and Ethereum — with Hashdex and Franklin Templeton already receiving approval for similar funds — Truth Social’s involvement has drawn significant attention due to its political and financial implications.
For now, the decision remains on hold until October, when the SEC will issue its verdict on whether the Trump-affiliated crypto ETF moves forward.
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Source: https://coindoo.com/truth-socials-bitcoin-and-ethereum-etf-put-on-hold-by-sec/