- SEC delays decisions on Grayscale and Truth Social ETFs, citing need for further review.
- Grayscale challenges SEC’s delay, claims automatic approval under 240-day rule.
- XRP ETF decisions may come by October amid continued review of Bitwise’s BITW fund.
The U.S. Securities and Exchange Commission (SEC) has extended its review period for multiple crypto-related exchange-traded fund (ETF) proposals, including those from Grayscale and Truth Social, further delaying final decisions. According to official filings, the Commission cited the need for additional time to examine the proposed rule changes and associated issues.
Grayscale’s proposal to convert its existing Solana Trust into an ETF will remain under review through October 10, 2025. The extension falls within the SEC’s statutory authority under the Securities Exchange Act of 1934, which allows for…
