- The SEC extended its deadline to act on NYSE Arca’s Truth Social Bitcoin and Ethereum ETF to October 8, 2025.
- Public comments cite the sponsor’s ties and custody setup, including a 75 percent Bitcoin and 25 percent Ethereum split.
The US Securities and Exchange Commission designated a longer period to act on NYSE Arca’s proposal to list and trade shares of the Truth Social Bitcoin and Ethereum ETF, B.T under Rule 8.201-E. The Commission set October 8, 2025 as the date by which it must approve, disapprove, or institute proceedings on the rule filing.
The notice, released on August 18, follows NYSE Arca’s June 24, 2025 submission and the publication of the proposed rule change in the Federal Register on July 10.
Under Section 19(b)(2) of the Exchange Act, the initial 45-day window would have elapsed on August 24, but the agency exercised its authority to extend the review period to allow additional time to assess the issues raised.
SEC sets an October 8 decision date after extending the statutory clock
The product would be listed as a commodity-based trust share under NYSE Arca’s Rule 8.201-E, a framework used for exchange-traded products that hold non-securities like digital assets.
The Commission’s designation does not signal the outcome. It preserves latitude for one of three actions by October 8. Those actions are approval, disapproval, or the institution of proceedings that would examine the proposal in greater depth before a final determination.
The docket includes a public comment file referenced in the notice. Submissions range from support for increased investor access to digital assets to objections focused on governance, conflicts, and market structure.
The Commission’s process contemplates this public input and allows the staff to weigh operational details and potential investor protection considerations before any listing becomes effective.
Comment letters identify TMTG involvement and describe custody and asset mix
A comment letter from advocacy group Accountable.US states that the sponsor is Trump Media & Technology Group and describes the ETF as holding 75 percent Bitcoin and 25 percent Ethereum.
The letter also notes a proposed custodian relationship with Foris DAX, a Crypto.com affiliate. These representations come from the commenter’s submission and do not constitute Commission findings at this stage.
The same submission urges the SEC to deny the filing, citing concerns about conflicts and the chosen custody provider. It references recent market history and corporate disclosures to argue that investor risks warrant disapproval.
The Commission will consider such views alongside other comments and the exchange’s rule filing as it evaluates whether the product meets the requirements of the Exchange Act and the exchange’s listing standards.
For now, the immediate effect of the designation is procedural. The proposed Truth Social Bitcoin and Ethereum ETF remains under review, with NYSE Arca and stakeholders awaiting a Commission action no later than October 8, 2025 as set out in the notice.
At the time of this press, Ethereum (ETH) is trading at $4,231.71, reflecting a –$28.04 (–0.66%) change over the past 24 hours. The intraday high reached $4,385.73 and the intraday low dipped to $4,205.73.
