The U.S. Securities and Alternate Fee (SEC) has postponed its resolution on the approval of the Reality Social spot Bitcoin exchange-traded fund (ETF).
The company introduced that it’ll lengthen the evaluate interval and invited the general public to offer feedback on the applying.
SEC Opens Public Commenting
The proposal was filed in June 2025 by NYSE Arca on behalf of Trump Media and Expertise Group (TMTG). Nevertheless, the SEC positioned the applying below prolonged evaluate in late July, and on September 16, up to date its docket to permit for public suggestions.
If given the inexperienced mild, the fund could be a commodity-based belief below Rule 8.201-E. It might additionally maintain BTC immediately and observe the crypto asset’s value minus charges and bills. Yorkville America Digital, LLC is listed because the sponsor, and the ETF would commerce on NYSE Arca.
Trump Media has additionally submitted purposes for different crypto merchandise. These embrace the Reality Social Crypto Blue Chip ETF, lodged in July 2025, which proposes a basket of 5 digital property, together with BTC, ETH, SOL, CRO, and XRP, and a separate fund designed to offer publicity to BTC and ETH.
The SEC has thus far acknowledged the 2 proposals, placing them below energetic analysis. It moved its resolution on the BTC & ETH funds to October 8, whereas no formal delay has been introduced for the Blue Chip ETF.
Over 92 ETF Functions Await Decision
The regulator’s Reality Social resolution marks the most recent in a collection of postponements below its new Chair, Paul Atkins. Greater than 92 crypto ETF purposes stay pending, with the monetary watchdog anticipated to subject a wave of choices in October as soon as a generic itemizing framework is finalized.
Among the many delayed filings are Franklin Templeton’s SOL and XRP ETFs, pushed to November 14 after the SEC used its full 60-day extension. BlackRock’s iShares ETH Belief has been rescheduled to October 30 following a 45-day stretch. The 21Shares SOL and XRP ETFs now face new deadlines of October 16 and 19, whereas WisdomTree’s XRP Fund, filed by Cboe BZX, has been moved to the 24 below extended evaluate.
Different altcoin and meme-based merchandise which have been rescheduled embrace Grayscale’s HBAR Belief and Bitwise’s DOGE ETF, whose resolution dates had been modified to November 12.
Nevertheless, the brand new management below the Trump administration raises the possibilities of a possible inexperienced mild for these funding merchandise. Analysts like Nate Geraci, president of NovaDius Wealth Administration, have additionally predicted an imminent surge in approvals for altcoin ETFs within the subsequent two months.
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