The U.S. Securities and Exchange Commission (SEC) has extended its review period for Truth Social's proposed spot Bitcoin ETF. This move adds to the anticipation among investors eager for more direct Bitcoin investment options. A spot Bitcoin ETF would allow investors to hold Bitcoin without managing private keys, simplifying access to the cryptocurrency. The SEC's decision to extend the review reflects its cautious approach, focusing on issues such as market manipulation, investor protection, and custody challenges. Truth Social, primarily known for its social media platform, brings a unique element to the ETF race. The extension provides the SEC with additional time to thoroughly evaluate the proposal's structure and safeguards, impacting the broader crypto market by introducing uncertainty but ensuring a comprehensive regulatory review.