The U.S. Securities and Change Fee (SEC) has postponed its choice on the approval of the Fact Social spot Bitcoin exchange-traded fund (ETF).
The company introduced that it’ll lengthen the assessment interval and invited the general public to supply feedback on the appliance.
SEC Opens Public Commenting
The proposal was filed in June 2025 by NYSE Arca on behalf of Trump Media and Expertise Group (TMTG). Nevertheless, the SEC positioned the appliance underneath prolonged assessment in late July, and on September 16, up to date its docket to permit for public suggestions.
If given the inexperienced mild, the fund can be a commodity-based belief underneath Rule 8.201-E. It might additionally maintain BTC immediately and monitor the crypto asset’s worth minus charges and bills. Yorkville America Digital, LLC is listed because the sponsor, and the ETF would commerce on NYSE Arca.
Trump Media has additionally submitted functions for different crypto merchandise. These embody the Fact Social Crypto Blue Chip ETF, lodged in July 2025, which proposes a basket of 5 digital property, together with BTC, ETH, SOL, CRO, and XRP, and a separate fund designed to supply publicity to BTC and ETH.
The SEC has thus far acknowledged the 2 proposals, placing them underneath lively analysis. It moved its choice on the BTC & ETH funds to October 8, whereas no formal delay has been introduced for the Blue Chip ETF.
Over 92 ETF Purposes Await Decision
The regulator’s Fact Social choice marks the most recent in a collection of postponements underneath its new Chair, Paul Atkins. Greater than 92 crypto ETF functions stay pending, with the monetary watchdog anticipated to concern a wave of choices in October as soon as a generic itemizing framework is finalized.
Among the many delayed filings are Franklin Templeton’s SOL and XRP ETFs, pushed to November 14 after the SEC used its full 60-day extension. BlackRock’s iShares ETH Belief has been rescheduled to October 30 following a 45-day stretch. The 21Shares SOL and XRP ETFs now face new deadlines of October 16 and 19, whereas WisdomTree’s XRP Fund, filed by way of Cboe BZX, has been moved to the 24 underneath extended assessment.
Different altcoin and meme-based merchandise which have been rescheduled embody Grayscale’s HBAR Belief and Bitwise’s DOGE ETF, whose choice dates had been modified to November 12.
Nevertheless, the brand new management underneath the Trump administration raises the probabilities of a possible inexperienced mild for these funding merchandise. Analysts like Nate Geraci, president of NovaDius Wealth Administration, have additionally predicted an imminent surge in approvals for altcoin ETFs within the subsequent two months.
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