SEC Delays Ruling on Truth Social BTC ETF During ETF Hype AllinCrypto July 29, 2025
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Trump’s Truth Social Bitcoin ETF, extending its review deadline to September 18, 2025 .
The ETF, proposed by Trump Media & Technology Group and tied to President Donald Trump’s social media platform Truth Social, was submitted to the SEC in June.
Such ETF news arrives as altcoins, including XRP, ADA, and HBAR are due to receive ETF approvals from the SEC by Winter 2025.
Truth Social Bitcoin ETF on the Horizon? Maybe
The SEC’s delay on a Truth Social ETF is part of a broader pause on crypto-related ETF applications, including Grayscale’s Solana Trust and Canary Capital’s Litecoin ETF, which may now not see rulings until early autumn
The SEC under Chair Paul Atkins has been moving cautiously regarding crypto ETFs recently, weighing concerns around staking policies, in-kind redemption mechanisms, and investor protections against fraud.
Since the launch of multiple spot Bitcoin ETFs earlier this year, attracting around $54.8 billion in inflows, regulators have shown greater discretion in reviewing altcoin ETFs, which could see launches by the end of 2025, according to Bloomberg analysts.
If approved, the Truth Social ETF would allow institutional investors to gain exposure to Bitcoin via the NYSE under a commodity-trust framework, without directly holding BTC itself. The outcome of the Truth Social ETF may reflect how the SEC handles “political” crypto products.
Altcoin ETFs to Gain Approvals
The SEC is currently reviewing multiple proposed spot XRP ETFs, including filings from WisdomTree, Grayscale, Bitwise, CoinShares, and more.
Regulatory approval for XRP ETFs is increasingly viewed as likely, with Bloomberg ETF analysts Eric Balchunas giving XRP a 95% chance of approval by year-end 2025 .
Canary’s HBAR ETF, along with other registered HBAR funds, also have high odds of being approved by the SEC by the end of 2025, including Cardano and Litecoin (LTC).
Crypto ETF innovation is surging despite the SEC’s fast yet cautious pace. Since January 2024, approved ETFs tied to Bitcoin and Ethereum have fetched billions in investor capital, with analysts predicting crypto ETFs may soon rival precious-metal funds.
Under Paul Atkins, the SEC continues to weigh risk factors carefully, especially when dealing with unconventional ETF proposals tied to altcoins or politics.
The passing of the GENIUS Act has opened the door for institutional adoption of crypto on a large scale, with banking groups set on adopting stablecoins to complete cross-border transactions.
For ETFs, altcoins set to benefit from the GENIUS Act include Ripple’s XRP, Hedera HBAR, and Cardano, with Ripple’s stablecoin, RLUSD, set to gain additional use cases from the Hidden Road platform and possible adoptions by banks.
For now, investors should wait for the September 18 deadline for Trump’s Bitcoin ETF while other altcoin ETF applications face deadlines through October 2025 and heading into November. These rulings may define the next phase of crypto adoption globally.
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