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The US SEC has postponed its decision on the applications for multiple encryption ETFs.
On August 19, the U.S. Securities and Exchange Commission (SEC) postponed its approval decision on the application for Bitcoin and Ether ETFs by Trump Media & Technology Group's social platform, Truth Social. According to documents submitted on Monday, the SEC has extended the approval deadline for the Truth Social ETF to October 8, which is part of the agency's routine procedure for evaluating dozens of Crypto Assets ETF proposals. Also postponed for approval on the same day were CoinShares Litecoin ETF, CoinShares Ripple ETF, and 21Shares Ripple ETF, all of which have had their decision deadlines extended to late October. The SEC stated in the documents: "The Commission believes it is necessary to extend the review period to adequately assess the proposal content and related issues."