SEC Weighs Listing Truth Social's Bitcoin ETF on NYSE Arca
Published Date: 9/19/2025
Notice
Summary
NYSE Arca wants to list and trade shares of the Truth Social Bitcoin ETF, a new fund tied to Bitcoin, on their exchange. The SEC is now deciding whether to approve or reject this plan, with a decision expected by September 18, 2025. If approved, investors could soon buy and sell these shares, potentially shaking up the crypto and stock markets.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Proposed Bitcoin ETF Listing on NYSE Arca
NYSE Arca filed to list and trade the Truth Social Bitcoin ETF (a fund whose assets will consist primarily of bitcoin) and the SEC will decide whether to approve or disapprove that listing by September 18, 2025. If approved, investors who buy stocks on exchanges could buy and sell shares of this bitcoin-linked ETF on NYSE Arca.
SEC Reviewing Fraud and Manipulation Risks
The SEC has instituted proceedings to analyze whether the proposed ETF listing would ‘‘prevent fraudulent and manipulative acts and practices’’ and ‘‘protect investors and the public interest’’ under Section 6(b)(5) of the Exchange Act. The Commission is considering these investor-protection grounds and is soliciting comments as part of its decision process.
How the ETF Values and Issues Shares
The Trust will hold primarily bitcoin and will value its bitcoin using the CF Benchmarks Index as of 4:00 p.m. ET (with an observation window between 3:00 p.m. and 4:00 p.m. ET). The Trust will create and redeem Shares in cash with authorized participants on an ongoing basis in one or more blocks of 10,000 Shares.
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