SEC Delays Crypto ETF Decisions to 2025

The U.S. Securities and Exchange Commission (SEC) has delayed decisions on several major cryptocurrency ETFs, including the Trump Media-backed Truth Social Bitcoin ETF (now due for a ruling by September 18, 2025), Grayscale's Solana Trust (deadline October 10), and Canary Capital's Litecoin ETF. The SEC cited the need for extended review to address regulatory and market concerns, while also considering streamlining approval for certain crypto ETFs and showing openness to multicoin and futures-based products. The Truth Social ETF, if approved, would be the first crypto ETF tied to a sitting president's business interests, prompting conflict-of-interest concerns from lawmakers. Industry momentum is building as Cboe BZX seeks approval for the Invesco Galaxy Solana ETF and major firms increase crypto treasury allocations. Despite these regulatory delays, experts believe the SEC is ultimately favorable to new crypto ETF products but wants to ensure a solid legal framework. Investor interest remains high, as previously approved Bitcoin and Ethereum ETFs continue to draw significant inflows.