Summary of this article
SEC delays Truth Social Bitcoin ETF decision to September 18, 2025
Decisions on Solana and Litecoin ETFs also pushed back
US to seize $2.4 million in Bitcoin from ransomware group
The US Securities and Exchange Commission (SEC) has postponed its review of the planned Truth Social Bitcoin exchange-traded fund (ETF), pushing the due date for review back from August 04, 2025, 2025 to September 18, 2025.
The Trump Media and Technology-backed fund is looking to list the Truth Social Bitcoin ETF on the NYSE Arca exchange under the SEC's commodity-based trust share regime. The agency, which can take as much as 270 days to approve or deny ETF applications, stated it extended the timeline to enable more time to review the proposal and any concerns raised.
This Bitcoin ETF was not the sole fund that was delayed by the SEC. SEC also delayed rulings on Grayscale's Solana Trust, with a deadline of October 10, and Canary Capital's proposed Litecoin ETF.
As per Cointelegraph, Hester Peirce, a member of the SEC commissioner, who is referred to as "Crytpo Mom" due to her pro-crytpo views, recently advised industry members to prepare for delayed approvals. She, in an interview with Blooberg, stated, "People have to be patient. We have some ongoing litigation we're trying to work through. We have lots of other considerations."
If approved, the Truth Social Bitcoin ETF would be the first crypto ETF tied to a sitting US president's commercial interest. Though the ETF itself has not seen official objections from the SEC, other Trump-associated crypto transactions have provoked concerns among Democrats regarding ethics, influence, and regulatory neutrality.
US Plans To Claim $2.4 Million In Bitcoin Seized From Ransomware Group
As reported by Cointelegraph, US has filed a civil complaint for forfeiture of $2.4 million in Bitcoin confiscated by the Dallas FBI, supporting the proposed US Strategic the proposed US Strategic Bitcoin Reserve.
This civil action was brought in the Northern District of Texas on Thursday, July 24, 2025, seeks the forfeiture of 220.2 Bitcoin taken from an address purportedly belonging to a member of the Chaos hacker group. That group has been linked to ransomware attacks, the Texas US Attroney's Office stated in a stratement on Monday.
Dallas FBI carried out this seizure on April 15, 2025. Cointelegraph reported, as per the complaint, that it was the proceeds of "unlawful activity" involving ransomware attacks.
It is approximated that the US government controls 198,012 BTC of Bitcoin by Nansen, Arkham and Bitcoin Treasuries.NET, which were seized via multiple seizures over the years. However, a request for freedom of information by an independent journalist recently challenged that.
This reporter, in an X post, said that on July 16, they had gotten a response from the Department of Justice to a freedom of information request submitted in March, which showed that the United States Marshals Service (USMS) only held slightly more than 28,988 Bitcoin.
In a different post, the journalist further stated that the number reported does not consider seizing agencies, such as the DEA or the FBI, so there could be more custody officers than the USMS.
Cboe Files To List Staked Injective ETF From Canary Capital
The Chicago Board Options Exchange (Cboe) submits to list Canary Capital's proposed staked Injective exchange-traded fund (ETF) shares, continuing the surge of regulated crypto investment products in the US.
The Cboe 19b-4 filing, which was filed Monday, July 28, 2025, followed investment company Canary Capital filing an S-1 registration for a staked Injective token fund with the SEC on July 17, according to Cointelegraph. The fund seeks to earn staking rewards by providing validation services through an "approved staking platform."
If approved, this would be the third staked altcoin ETF, after approval for staked Solana and staked Ether ETFs on June 30. The filing, according to Cointelegraph, comes during a more favorable regulatory climate under the Trump administration, which has encouraged innovation in crypto-backed investment vehicles.
The SEC has not yet officially recognised the ETF filings by Canary Capital and Cboe. Once recognised, the SEC will release important deadlines for the initial response, which is generally between 30 to 45 days, potentially sometime in early September.
Nevertheless, the full review time of the SEC can last up to 240 days, so the staked INJ ETF's ultimate conclusion might not be received until March 2026.
