NYSE ARCA has filed a filing of 19B-4 with the U.S. Securities and Exchange Commission (SEC) seeking approval to list the Truth Social Bitcoin ETF, a spot-bitcoin exchange trade fund (ETF) associated with Trump Media & Technology Group (TMTG).
The move represents TMTG’s latest foray into the cryptocurrency sector, in collaboration with President Donald Trump’s pro-cryptic stance.
The proposed ETF is intended to provide investors with direct exposure to the price movement of Bitcoin (BTC) without the complexity of owning cryptocurrency entirely. The fund is designed to simplify your investment in Bitcoin by eliminating operational hurdles related to direct ownership.
TMTG applied several investment products to its trademarks earlier this year, including the Truth.fi Bitcoin Plus ETF, Truth.fi Made in America Etf, and the Truth.fi US Energy Independence ETF.
These initiatives reflect TMTG’s broader strategy to expand its financial services delivery and leverage the growing interest in cryptocurrency investments.
The filing follows TMTG’s May announcement in May of its plans to raise approximately $3 billion to establish the Bitcoin Treasury Reserve, which positions the company as a key player in the cryptocurrency space.
The move coincides with other companies that have integrated Bitcoin into their financial strategy, following their success in pioneering adoption of the strategy.
Since the SEC approved its first spot Bitcoin ETF in January 2024, these investment tools have attracted a significant inflow, with BlackRock’s Ishares Bitcoin Trust (IBIT) alone accumulating over $71 billion in managed assets.
The growing popularity of Spot Bitcoin ETFs shows an increase in demand for regulated cryptocurrency investment options.
The SEC review process for Truth Social Bitcoin ETF includes a public comment period and multiple evaluation stages, with final decisions expected in the coming months.
As of press time, Bitcoin was trading at around $105,445, reflecting an annual increase of around 12%.
