Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) has postponed its approval decision on the application of Truth Social, a social platform under Trump Media and Technology Group, for Bitcoin and Ethereum ETFs.

According to documents filed on Monday, the SEC extended the approval deadline for the Truth Social ETF to October 8, a routine procedure for the agency to evaluate dozens of cryptocurrency ETF proposals.

The CoinShares Litecoin ETF, the CoinShares Ripple ETF, and the 21 Shares Ripple ETF also had their approvals postponed on the same day, with the decision deadlines for these products extended to late October. The SEC stated in the filing: "The Commission believes that an extension of time is necessary to fully evaluate the proposal and related issues." (The Block)