Trump’s Truth Social Files for Spot Bitcoin ETF Approval
Truth Social, the media platform closely associated with President Donald Trump, has filed paperwork with the U.S. Securities and Exchange Commission (SEC) to launch a spot Bitcoin Exchange-Traded Fund (ETF).
With this filing, Truth Social shows it continues to add to its financial technology plans, after the introduction of streaming app Truth+ and Truth.Fi.
On June 4, 2025, just a short time after NYSE Arca filed its 19b-4 form, the company sent a Form S-1 registration statement to the SEC to begin the process of listing its ETF’s shares. When approved, BT plans to trade the ETF (labeled as BT ETF) on the NYSE Arca under a scheme where real Bitcoin holdings are backing the fund instead of derivatives.
BT ETF Offers Bitcoin Price Exposure
In the filing, it is shown that Crypto.com will act as the sole custodian, executor and source of liquidity for the fund. Yorkville America Digital is the one sponsoring the ETF, but essential details such as its ticker, price on offer, and its first assets were not revealed in the registration.
BT ETF lets investors gain access to Bitcoin’s price without having to store it themselves. It adds to the list of Bitcoin ETFs that have gained popularity after large institutions became more involved and after some regulatory approvals.
Although people notice the ETF because of Trump, experts believe it faces major challenges. After the statement, Balchunas added, “It has never happened before with a company linked to a President, but still, the category is crowded and some funds are already really low in costs.”
In fact, big players in the crypto ETF sector, including BlackRock, Fidelity, and Grayscale, have been introducing effective and budget-friendly products. Given the strong political and media background of Truth Social, it still might find it tough to distinguish itself from other social networks.
SEC approval is still needed for the ETF to start operating. It is necessary to complete the Form S-1 and 19b-4 before trading can begin. Truth Social has mentioned that the statements made in its filing may be uncertain yet there’s still hope for success in the future.
