Breaking: SEC Delays Truth Social Bitcoin ETF and Grayscale Solana ETF Decisions Until 2025
The U.S. Securities and Exchange Commission (SEC) has once again postponed crucial decisions on cryptocurrency ETFs, this time affecting both the Truth Social Bitcoin ETF and Grayscale’s Solana ETF. These delays, pushing final rulings to late 2025, highlight the SEC’s cautious approach to crypto regulation. For investors and crypto enthusiasts, this means more waiting – but also reveals important insights about the regulatory landscape.
Why is the SEC delaying these Bitcoin ETF and Solana ETF decisions?
The SEC has extended its review period for two significant cryptocurrency ETF proposals:
- Truth Social Bitcoin ETF: Decision postponed to September 18, 2025
- Grayscale Solana ETF: Decision deferred until October 10, 2025
The agency cited the need for additional time to evaluate the implications of these products and associated rule changes. This follows a pattern of delayed approvals for crypto-based funds, despite growing market demand.
Truth Social Bitcoin ETF: Political connections complicate approval
The Truth Social Bitcoin ETF, filed in June 2025, has drawn attention for its political ties to Donald Trump’s media platform. Key aspects include:
Feature | Detail |
---|---|
Branding | “Digital asset freedom” and “American financial sovereignty” |
Controversy | Potential regulatory complications due to political connections |
Market Impact | TRUTH token dipped 2.3% following announcement |
Grayscale Solana ETF faces technical scrutiny
Grayscale’s proposal to convert its existing Solana Trust into an ETF faces different challenges:
- Precedent: Follows successful Bitcoin Trust conversion model
- Concerns: SEC likely examining Solana’s network structure and validator centralization
- Timing: Extended review suggests thorough technical assessment
What these SEC delays mean for crypto investors
The postponements reveal several important trends in cryptocurrency regulation:
- The SEC remains cautious about politically-connected crypto products
- Technical aspects of altcoin networks receive intense scrutiny
- Approval timelines remain unpredictable despite leadership changes
Frequently Asked Questions
Q: When will the SEC make final decisions on these ETFs?
A: The Truth Social Bitcoin ETF decision is expected by September 18, 2025, and the Grayscale Solana ETF by October 10, 2025.
Q: Why is the SEC taking so long with crypto ETF approvals?
A: The SEC cites the need to thoroughly evaluate investor protection measures, market stability risks, and technical aspects of each proposal.
Q: How did the market react to these delays?
A: Reactions were muted, with Bitcoin and Solana prices remaining relatively stable, though the TRUTH token tied to Truth Social dipped 2.3%.
Q: What’s different about the Truth Social Bitcoin ETF?
A: Its political connections and branding around “American financial sovereignty” make it unique among Bitcoin ETF proposals.
Q: Has Grayscale successfully converted trusts to ETFs before?
A: Yes, Grayscale successfully converted its Bitcoin Trust to an ETF, setting a precedent for the Solana proposal.