31 Jul 2025
📈SEC Extends Review Period for Truth Social Bitcoin ETF Proposal
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the Truth Social Bitcoin ETF, B.T. Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
Summary
The SEC has announced a longer review period for NYSE Arca's proposed rule change to list and trade shares of the Truth Social Bitcoin ETF. This extension is intended to provide the Commission with adequate time to evaluate the implications and issues related to the proposed change, highlighting the significance of regulatory scrutiny in the cryptocurrency market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's designation of a longer period for reviewing the proposed rule change for the Truth Social Bitcoin ETF has direct implications for businesses operating in the cryptocurrency space. It indicates a regulatory consideration that can affect market sentiment and investment timing.