Trump’s Truth Social Demands Bitcoin ETF Approval — Crypto for the Masses Incoming?
Truth Social's latest move could force Wall Street's hand—and flood retail with crypto exposure.
Key details:
- The pro-Trump platform formally petitioned regulators to approve a spot Bitcoin ETF
- Would give millions of conservative users easy access to crypto markets
- Comes as SEC faces mounting political pressure on digital assets
Market impact: Mainstream adoption meets partisan politics—just don't ask about the underlying blockchain's TPS limitations.
Closing thought: Nothing boosts financial innovation like an election year Hail Mary. Your move, Gary Gensler.
Trump Media & Technology Group, the company behind the Truth Social platform, has filed an updated registration statement with the U.S. Securities and Exchange Commission (SEC) for its upcoming Truth Social Bitcoin ETF.
If approved, this exchange-traded fund will directly hold Bitcoin, meaning investors could gain exposure to the cryptocurrency without having to buy or store it themselves.
Truth Social Goes For Bitcoin ETF
On August 11, 2025, the company announced the filing of the first amendment to its registration statement (Form S-1) with the U.S. Securities and Exchange Commission for the Truth Social bitcoin ETF, which will trade under the ticker symbol B.T.
However, this fund will own actual Bitcoin, not just contracts that follow its price. That means if you buy shares of the ETF, you’re essentially buying a piece of Bitcoin without having to store it yourself.
Meanwhile, this updated filing came after the SEC had postponed its decision on the Truth Social Bitcoin ETF, proposed by TRUMP Media & Technology Group, by 45 days.
Once it receives SEC clearance, including approval of the registration statement and the effectiveness of the FORM 19b-4 filing, the ETF’s shares will be listed and traded on the NYSE Arca exchange, providing mainstream access for investors.
Crypto.com to Handle Bitcoin Custody
One of the standout details in the filing is that Crypto.com will act as the official custodian for the ETF’s Bitcoin holdings. This means the popular crypto exchange will be responsible for securely storing the digital assets on behalf of the fund and its investors.
The ETF will continue to be sponsored by Yorkville America Digital, which is overseeing the product’s development and market launch.
Trump ETF Awaiting SEC Approval
Bitcoin ETFs have become popular because they make investing in cryptocurrency easier and safer for everyday investors. However, the ETF is still waiting for SEC approval, which can take time. The updated filing means the company is working to meet the regulator’s requirements.
If approved, the ETF WOULD join a growing list of U.S.-based spot Bitcoin ETFs that have attracted billions in investments since they first hit the market.
