Key takeout
- The SEC has postponed its decision regarding Truth Social’s Spot Bitcoin ETF application.
- This ETF allows investors to hold Bitcoin through traditional investment products.
The Securities and Exchange Commission has delayed its decision regarding the true social application for the Spot Bitcoin Exchange Sales Fund.
The regulator has postponed the ruling on the proposed ETF. This allows investors to hold Bitcoin directly through traditional investment vehicles.
Truth Social’s ETF proposals will be added to the list of Crypto Spot ETF applications based on SEC reviews. This delay reflects the agency’s standard practice of extending the review period for digital asset investment products to assess market risk and compliance concerns.
