SEC’s Never-Ending Drama: Will Truth Social Bitcoin ETF Ever Be Approved? 😂

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Ah, the SEC. A creature of habit, if you will. The U.S. Securities and Exchange Commission (SEC), in its infinite wisdom, has decided to kick the can further down the road, delaying any sort of decision on whether or not it will bless us with the Truth Social Bitcoin exchange-traded fund (ETF). How thoughtful!

In a bold and totally not predictable move, the agency announced it would extend the review period-because clearly, more time is needed to, you know, think about it. And to make things even more thrilling, they’ve opened up the floor for public comments. Yes, your thoughts on Bitcoin ETFs might just change the course of history. 🧐

SEC Opens the Floodgates for Public Comments

The saga began back in June 2025, when NYSE Arca submitted the proposal on behalf of Trump Media and Technology Group (TMTG). However, in true bureaucratic fashion, the SEC decided to put it under “extended review” come late July. Fast forward to September 16-oh, what a date-that’s when they updated the docket to allow for your input on the matter. Because clearly, the voice of the people is the deciding factor here. 🎤

In the off chance the fund is approved, it would be a commodity-based trust under Rule 8.201-E. You know, the kind that holds BTC directly and tracks its price, minus the usual fees and pesky expenses. The ETF would trade on NYSE Arca, where it’s just waiting for your approval to enter the financial mainstream. Yorkville America Digital, LLC is the sponsor, because, why not? Everyone loves a good sponsor.

Trump Media, ever the crypto enthusiast, has submitted other proposals for crypto products. Among them is the Truth Social Crypto Blue Chip ETF, filed in July 2025, which includes a basket of digital assets like BTC, ETH, SOL, CRO, and XRP. In case you were wondering, a separate fund is also in the works for BTC and ETH exposure. Just what the world needs, right? 🤑

The SEC, ever the diligent agency, has acknowledged these applications. They’re “under active evaluation,” a phrase that sounds so wonderfully ambiguous. The SEC has moved its decision on BTC & ETH funds to October 8, and yet, somehow, no formal delay has been announced for the Blue Chip ETF. A true cliffhanger, if there ever was one.

Over 92 ETF Applications Hang in Limbo

This delay is just the latest chapter in the never-ending SEC saga under its new Chair, Paul Atkins. Over 92 crypto ETF applications are still awaiting a resolution, with the regulator expected to issue a flurry of decisions come October. Why? Because that’s when a generic listing framework is supposedly going to be finalized. One can only hope. ⏳

Among the most notable delays are Franklin Templeton’s SOL and XRP ETFs, which have been pushed to November 14, following a full 60-day extension. BlackRock’s iShares ETH Trust? It now has a new date with destiny on October 30. As for 21Shares SOL and XRP ETFs, they have new deadlines of October 16 and 19. And let’s not forget WisdomTree’s XRP Fund, now scheduled for a long, drawn-out review until October 24. 🎬

And what about those altcoin and meme-based ETFs? Oh, they’re still here too! Grayscale’s HBAR Trust and Bitwise’s DOGE ETF now have their decision dates set for November 12. Truly a treasure trove of delayed decisions that will surely go down in the annals of regulatory history. 🙄

But hold on to your seats-because with the new leadership under the Trump administration, there’s a “real” chance these investment products might actually get the green light. Analyst Nate Geraci, President of NovaDius Wealth Management, even predicts a glorious surge in altcoin ETF approvals in the next two months. Imagine that! Who’s ready for the ride? 🎢

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2025-09-17 23:22