The U.S. Securities and Exchange Commission (SEC) has officially delayed approval decisions for two major cryptocurrency exchange-traded funds: Truth Social's Bitcoin ETF and Grayscale's Solana ETF. The regulatory body extended review deadlines to September 18, 2025, under new Chair Paul Atkins, as part of a broader strategy to examine crypto-specific mechanics including staking protocols and redemption processes.
This marks the latest in a series of regulatory postponements affecting Trump Media-owned Truth Social and asset management giant Grayscale. Market analysts note the SEC frequently utilizes full review periods for crypto ETFs, with historical precedents showing eventual approvals like spot Bitcoin ETFs triggered substantial capital inflows. "I think they want to put out their generic listing standards first... get comments. Implement in time [for] October due dates," remarked Bloomberg ETF analyst Eric Balchunas.
Despite the delays, immediate market impacts appear muted as Bitcoin (BTC) and Solana (SOL) prices show no significant reactions. SEC Commissioner Hester Peirce has publicly advocated for patience, reflecting the agency's cautious stance toward digital asset securities. Industry observers anticipate eventual approvals could mirror past ETF-driven market surges, though institutional capital inflows may slow temporarily amid regulatory uncertainty.