The U.S. Securities and Exchange Commission (SEC) has once again delayed its consideration of two high-profile cryptocurrency ETF applications from Truth Social and Grayscale.
Details of the ETF Applications
Truth Social submitted its application for a Bitcoin ETF in June 2025, with the SEC now required to decide by September 18. Grayscale’s application for a Solana ETF has also been postponed, with a new deadline set for October 10.
Reasons for Decision Delays
The SEC explained the delays by stating that additional time is needed to study the proposed changes and the issues raised. The Commission noted its intent to thoroughly consider all aspects before reaching a final decision.
Current State of the Crypto ETF Market
It has recently come to light that the SEC is reviewing 72 crypto ETF applications, covering various digital assets. Despite the delays, interest in crypto ETFs has surged, especially as BlackRock’s Bitcoin ETF approaches $100 billion in assets under management.
The SEC's delays concerning the Truth Social and Grayscale applications highlight the need for a careful approach to regulating cryptocurrency funds. The ETF market remains active, and it will be interesting to see the SEC’s next moves in this sector.
