SEC delays Truth Social spot Bitcoin ETF decision

SEC postpones ruling on Truth Social's proposed spot Bitcoin ETF amid ongoing crypto regulatory scrutiny.

Key Takeaways

• The SEC has postponed its decision on Truth Social's spot Bitcoin ETF application.
• This ETF would allow investors to hold Bitcoin through a traditional investment product.

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The Securities and Exchange Commission has delayed its decision on Truth Social’s application for a spot Bitcoin exchange-traded fund.

The regulatory agency postponed its ruling on the proposed ETF, which would allow investors to directly hold Bitcoin through a traditional investment vehicle.

Truth Social’s ETF proposal adds to the list of crypto spot ETF applications under SEC review. The delay reflects the agency’s standard practice of extending review periods for digital asset investment products as it assesses market risks and compliance concerns.

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