LTC Market Watches as SEC Delays Trump-Linked Truth Social Bitcoin ETF Decision
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on a proposed Bitcoin ETF from Truth Social, the social media platform associated with former President Donald Trump. The new deadline for the SEC's ruling is set for September 18, 2025. This delay comes as Trump Media & Technology Group (TMTG), the operator of Truth Social, continues to expand its footprint in the cryptocurrency space. The ETF application, filed in June 2025, is part of TMTG's broader ambitions to integrate digital assets into its platform. The SEC's extension reflects ongoing regulatory scrutiny and the complexities surrounding cryptocurrency-based financial products. Market participants, particularly those monitoring Litecoin (LTC) and other altcoins, are keenly observing how this development might influence broader crypto market sentiment and regulatory trends. The delay underscores the challenges faced by crypto-related ETFs in gaining regulatory approval, even as interest in digital asset investment vehicles grows.
SEC Delays Decision on Trump-Linked Truth Social Bitcoin ETF Until September
The U.S. Securities and Exchange Commission has extended its review period for a proposed Bitcoin ETF from Truth Social, the social media platform tied to former President Donald Trump. The new deadline for a decision is September 18.
Trump Media & Technology Group, which operates Truth Social, filed the application in June as part of its expanding ambitions in cryptocurrency. The delay reflects a broader regulatory hesitation under SEC Chair Paul Atkins, who also postponed rulings on Grayscale's Solana Trust and Canary Capital's Litecoin ETF this week.
Industry observers note the SEC routinely uses the full 270-day review window for ETF applications. Behind closed doors, regulators continue grappling with technical hurdles including staking mechanics and in-kind redemption processes—particularly for Solana-based products.
This marks another chapter in Washington's cautious dance with crypto investment vehicles. The SEC only approved its first spot bitcoin ETFs in early 2023 under previous leadership, a move that ultimately attracted $55 billion in inflows.
Litecoin (LTC) Corrects After 19% Rally as Market Watches Key Support Levels
Litecoin's price retreats to $109.34, marking a 4% pullback after breaking multi-year resistance. The correction appears healthy with RSI at 59.05, suggesting sustained bullish momentum despite short-term volatility.
The launch of LitVM's Layer-2 smart contracts on July 23rd has transformed Litecoin's market positioning. By entering the DeFi and NFT arena, LTC now competes directly with ethereum and other smart contract platforms—a strategic expansion that could redefine its adoption curve.
Institutional interest surges as Bloomberg analysts assign a 95% probability to SEC approval of a U.S. Litecoin ETF in 2025. This potential milestone mirrors Bitcoin's ETF trajectory, with market participants anticipating significant capital inflows if approved.
Litecoin (LTC) Faces Correction Despite ETF Optimism - Technical Analysis Points to Key $107 Support Test
Litecoin trades at $109.03, down 6.22% in the past 24 hours, as profit-taking emerges following a recent ETF-driven rally to $112. The cryptocurrency now tests critical support at $107 amid mixed technical signals.
Market sentiment remains cautiously optimistic. The U.S. SEC's review of spot ETF applications continues to buoy medium-term prospects, with institutional estimates suggesting potential $8 billion inflows if approved. Meanwhile, Litecoin's technical fundamentals strengthen with the LitVM Layer-2 upgrade enhancing smart contract capabilities.
Current price action reflects a healthy correction rather than structural weakness. The RSI reading of 58.55 indicates neutral momentum, while halving anticipation continues to underpin long-term bullish narratives.
