The U.S. Securities and Change Fee (SEC) has postponed its determination on the approval of the Reality Social spot Bitcoin exchange-traded fund (ETF).
The company introduced that it’ll lengthen the overview interval and invited the general public to supply 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). Nonetheless, the SEC positioned the applying beneath prolonged overview in late July, and on September 16, up to date its docket to permit for public suggestions.
If given the inexperienced mild, the fund can be a commodity-based belief beneath Rule 8.201-E. It might additionally maintain BTC instantly and observe the crypto asset’s worth 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 functions 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 supply publicity to BTC and ETH.
The SEC has to date acknowledged the 2 proposals, placing them beneath energetic analysis. It moved its determination on the BTC & ETH funds to October 8, whereas no formal delay has been introduced for the Blue Chip ETF.
Over 92 ETF Purposes Await Decision
The regulator’s Reality Social determination marks the most recent in a sequence of postponements beneath its new Chair, Paul Atkins. Greater than 92 crypto ETF functions stay pending, with the monetary watchdog anticipated to difficulty 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 means of Cboe BZX, has been moved to the 24 beneath extended overview.
Different altcoin and meme-based merchandise which were rescheduled embrace Grayscale’s HBAR Belief and Bitwise’s DOGE ETF, whose determination dates had been modified to November 12.
Nonetheless, the brand new management beneath 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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