SEC Delay ETF Holds Up Truth Social and Grayscale Approvals for Review

The United States Securities and Exchange Commission (SEC) has formally postponed its approval of two new crypto investment funds: the Truth Social Bitcoin and the Grayscale Solana ETFs. The Funds were set to introduce more individuals to the world of crypto by allowing them to invest via normal stock exchanges. However, for the time being, both projects are shelved.

Source: Securities and Exchange Commission

SEC Delay ETF: Truth Social's Filing Pushed to September

The NYSE Arca filed the Truth Social Bitcoin Fund on June 3, 2025. It intended to list a new Bitcoin Exchange Traded Fund under a rule established for commodity-based products. The SEC was to make a decision by August 4, but now it has been rescheduled to September 18, 2025.

This SEC delay ETF move means the agency needs more time to consider the plan. It wishes to review thoroughly all the particulars and ensure that the new fund complies with legal rules.

This investment product is supported by Trump Media and Technology Group, the parent entity of Truth Social. Despite Donald Trump's name not appearing on the documents, he still maintains a significant portion of the firm through a trust that is controlled by his son, Donald Trump Jr.

Trump Media's Increasing Involvement in Crypto

Trump Media has been making major moves in digital assets . It introduced a platform, Truth.Fi, which may invest over $250 million in crypto funds, Bitcoin, and other digital currencies. The organisation also aims to develop its own digital wallet and token. It may be used on its streaming platform, Truth+.

This exchange traded fund is constructed with assistance from Yorkville America Digital, a firm that specializes in an "America-first" investment approach. The Bitcoin for the investment product will be held by Foris DAX Trust Company, who is also partnered with Crypto.com.

They have just introduced a fund that will invest in 5 cryptocurrencies, Bitcoin, Ethereum, XRP, Solana, and Cronos.

Grayscale Solana Fund Also in Holding Pattern

In addition to this, the Grayscale Solana ETF is also experiencing a setback. This was going to have a lot of interest, but the SEC delay ETF ruling means it won't come about as soon.

The commission has not provided a final deadline for this decision yet, but it's evident they are being overly cautious.

What This Does for Crypto Investors?

These SEC delay ETF decisions do not imply the funds are being rejected. The commission tends to take more time reviewing new digital currency investment products. They need to ensure the products are safe, equitable, and don't harm regular investors.

Nevertheless, most in the cryptosphere perceive these holds-ups as hindering progress. If accepted, such funds have the potential to further bring more into the market for crypto investment through standard brokerage accounts.

Final Thoughts

As the SEC delay ETF decision until September and later, waiting remains. But attention to cryptocurrency exchange traded fundds continues to surge. As the examples of Truth Social and Grayscale reveal, even more conservative firms and even political brands are considering digital assets. Approved or delayed once more, these funds may determine the future of U.S. crypto investing.