The 19b-4 filing for the Truth Social Bitcoin ETF initiates the SEC’s review process, which involves deciding whether to approve, reject, or delay the application.

Quotes that support claims

A 19b-4 filing is required to be filed by self-regulatory organizations (SROs) to propose a rule change. A second document by the issuer, called the S-1, is also required to make the proposal official.

The 19b-4 filing of the Truth Social Bitcoin ETF effectively initiates the SEC’s review process, and it must decide whether to accept, reject or delay the application within 45 days. It can delay its decision multiple times, for a maximum review period of 240 days.