Trump Media and Technology Group Corp., the company behind Truth Social, has taken another step toward launching its own spot Bitcoin exchange-traded fund.
The firm confirmed it has filed an amended registration statement with the U.S. Securities and Exchange Commission for the Truth Social Bitcoin ETF, which will trade under the ticker symbol B.T.
The proposed ETF will hold Bitcoin directly, giving investors a regulated way to gain exposure to the cryptocurrency’s price movements.
According to the filing, Crypto.com will serve as the exclusive Bitcoin custodian, prime execution agent, and liquidity provider for the fund. Yorkville America Digital will act as the ETF’s sponsor, while the shares are expected to list on NYSE Arca once regulatory approvals are secured.
The ETF’s launch remains contingent on the SEC declaring the registration effective and granting approval for a separate Form 19b-4 filing. Trump Media said the initiative forms part of its broader financial services strategy, which also includes the Truth+ streaming platform and the fintech arm Truth.Fi.
The company emphasized that the ETF aligns with its Bitcoin treasury approach and long-term vision for expanding into new digital asset products. However, it also cautioned that regulatory delays, market conditions, and operational challenges could impact the timeline and ultimate success of the launch.
If approved, the Truth Social Bitcoin ETF would join the growing roster of spot Bitcoin ETFs in the U.S., competing in a market that has seen rising institutional demand since regulatory green lights earlier this year.
Source: https://coindoo.com/trump-media-advances-plans-for-truth-social-bitcoin-etf/