Summary
- The U.S. Securities and Exchange Commission (SEC) announced that it has delayed the approval decisions for the Truth Social Bitcoin ETF and the conversion of Grayscale Solana ETF.
- The SEC stated that the review period has been extended to "secure sufficient time to thoroughly consider proposed rule changes and related issues."
- The final approval decision deadline for the Truth Social Bitcoin ETF is set for September 18, and for the Grayscale Solana ETF, the deadline is set for October 10.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision to approve the Truth Social Bitcoin (BTC) Exchange-Traded Fund (ETF) and the conversion of the Grayscale Solana (SOL) Trust into an ETF.
According to Decrypt, a digital asset (cryptocurrency) media outlet, on the 28th (local time), the SEC released related documents and said that it would "extend the review period to allow sufficient time to thoroughly consider the proposed rule changes and related issues."
The Truth Social Bitcoin ETF is a Bitcoin-based ETF applied for by Truth Social, the social media (SNS) company owned by former U.S. President Donald Trump. The official application was submitted on June 20. As for this product, the SEC must make its final approval decision by September 18.
Additionally, the Grayscale Solana ETF application, which has also been delayed, is an attempt to convert the existing Grayscale Solana Trust product into an official ETF. The deadline for a final decision on this product is set for October 10.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
