Truth Social Makes Crypto Power Play: Files for Spot Bitcoin ETF on NYSE Arca
Trump-linked platform jumps into the ETF frenzy—because what’s a 2025 bull market without a little political theater?
Wall Street’s latest Bitcoin ETF applicant isn’t your usual suspect. Truth Social—the social media platform tied to former President Trump—just dropped paperwork with the SEC to launch a spot Bitcoin ETF through NYSE Arca. Because apparently, every company needs a crypto strategy these days.
The move comes as Bitcoin flirts with new all-time highs, and every asset manager from BlackRock to your neighbor’s hedge fund wants a piece of the action. Truth Social’s filing positions it alongside 20+ other spot Bitcoin ETF hopefuls—though insiders whisper the SEC might approve exactly one more this cycle just to keep things interesting.
Will regulators greenlight a politically charged platform’s crypto product? That’s the billion-dollar question. Meanwhile, Wall Street bankers are already calculating their fees—because nothing accelerates innovation like the chance to skim 0.75% off retail investors.
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In May, TMTG also revealed plans to raise up to $3 billion to build a Bitcoin reserve, signaling the firm’s commitment to weaving digital assets into its broader corporate strategy—mirroring the path taken by early corporate adopters like MicroStrategy.
The timing aligns with growing momentum around spot Bitcoin ETFs, which received their first regulatory nod in early 2024. Since then, products like BlackRock’s iShares Bitcoin Trust have rapidly gathered assets, underscoring market appetite for crypto exposure within a compliant framework. BlackRock’s fund alone now manages over $71 billion in assets, showcasing the scale of demand.
TMTG’s involvement in the ETF space is a continuation of its pivot toward digital finance and aligns with Donald Trump’s increasingly vocal support for the crypto industry. As the SEC begins its review of the Truth Social ETF proposal, a final decision could arrive within months—potentially adding a politically charged new name to the expanding landscape of regulated Bitcoin investment products.
