The U.S. Securities and Exchange Commission (SEC) announced in August 2025 the extension of the approval deadline for several Crypto Assets ETFs, attracting market attention. This decision involves several high-profile projects, among which the most notable is the Bitcoin and Ethereum ETF applied for by Trump Media & Technology Group's Truth Social.

The SEC has extended the approval deadline for the Truth Social ETF to October 8, a move that breaks market expectations for a quick approval. Since the Truth Social ETF submitted its S-1 registration document in June this year, it has garnered significant attention due to its plan to directly hold Bitcoin and issue shares to track its price. This postponement decision has sparked widespread discussion among investors regarding its prospects.

It is worth noting that the SEC's postponement decision is not only aimed at the Truth Social ETF. Multiple projects such as CoinShares' Litecoin ETF and the Ripple ETF from CoinShares and 21Shares are also affected, with their final approval decisions collectively postponed to late October.

The SEC stated in an official document that the delay decision aims to 'fully evaluate the content of the proposal and related issues.' This statement reflects the regulatory body's ongoing cautious attitude towards the Crypto Assets market. This widespread delay not only affects the planning of relevant companies but also brings new uncertainties to the entire Crypto Assets market.

As the October approval deadline approaches, all parties in the market will closely follow the SEC's final decision. Whether these ETFs can be approved will have a significant impact on the future direction of the Crypto Assets market. At the same time, this also tests the ability of regulatory agencies to seek a balance between promoting financial innovation and protecting investors' interests.