The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Truth Social Bitcoin and Ethereum ETF, a fund filed by NYSE Arca on June 24, 2025.
Originally, the SEC had 45 days to approve or deny the proposal, but it has now extended the review period until October 8.
According to the initial filing, the ETF will hold both Bitcoin (BTC) and Ethereum (ETH), giving investors a chance to access the two biggest cryptocurrencies in one fund.
The SEC said it extended the deadline because it found it “appropriate to designate a longer period within which to take action on the proposed rule change.”
The ETF was filed by Donald Trump’s company, Truth Soacial, in June, and NYSE Arca submitted a 19b-4 filing to list and trade the fund. The SEC’s Division of Trading and Markets confirmed that by October 8, the agency will either approve, disapprove, or start proceedings to consider disapproval of the ETF. The fund is designed to hold a split of 75% Bitcoin and 25% Ethereum, allowing investors to have a mix of the two largest crypto assets in a single investment.
Truth Social has also filed for other crypto-focused ETFs. One is a Bitcoin-only fund, and another, called the “Blue Chip Crypto ETF,” is set to include Bitcoin, Ethereum, Solana (SOL), XRP, and Crypto.com Coin (CRO).
While the Truth Social Bitcoin and Ethereum ETF won’t be the first fund to combine BTC and ETH, it joins other similar offerings that have already been approved, including those from Hashdex and Franklin Templeton. The new extension gives the Commission more time to evaluate the proposal carefully.
This fund is seen as one of the few ways for U.S. investors to gain direct exposure to both Bitcoin and Ethereum in a single fund, with aim of making investing simpler for people who want to diversify without buying each crypto separately.
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