Trump Media and Technology Group (TMTG) has filed its first revised registration statement with the Securities and Exchange Commission (SEC) for the true social bitcoin ETF, and is moving forward with plans to enter the burgeoning spot Bitcoin ETF market.
The ETFs listed in the NYSE ARCA under the ticker BT directly hold Bitcoin (BTC) and attempt to track the market price of flagship crypto. Crypto.com serves as an exclusive custodian, prime execution agent, and liquidity provider, while Yorkville America Digital acts as a sponsor of ETFs.
The ETF structure aims to balance crypto exposure with traditional financial products with 70% of assets allocated to Bitcoin, with 15% in US Treasury securities and 15% equivalent to cash or cash.
This launch is subject to SEC approval for both the updated Form S-1 registration and another Form 19B-4 list application. The company has not provided a specific launch date, but has indicated it expects the fund to be published by the end of the year.
TMTG, the parent of the true social platform, streaming service Truth+ and fintech brand Truth.fi, said ETF is part of a broader Bitcoin-centric strategy.
This strategy includes building a company’s Bitcoin Treasury Department and expanding into digital asset products through its financial services sector. The company has already committed considerable capital to its Bitcoin acquisition this year, positioning it among more aggressive corporate entrants and more aggressive corporate entrants into the sector.
If approved, the true social bitcoin ETF enters a competitive landscape dominated by heavyweight publishers such as BlackRock.
ETFs bring together a mix of institutional and retail investors who are seeking a regulated exposure to Bitcoin without requiring independence.
The filing also highlights the political aspects of TMTG’s cryptographic ambitions. President Donald Trump, the company’s majority shareholder, has pledged to prioritize digital assets and roll back what he calls restrictive regulations and promote US leadership in the crypto economy.
Spot Bitcoin ETFs tied to the political brand of Trump’s profile are unprecedented in the market and could attract a clear investor base, but could increase public and regulatory scrutiny.
The timing of the filing reflects an environment in which spot Bitcoin ETFs have gained mainstream acceptance and competitive differentiation is becoming more important. Although the SEC has approved multiple products this year, newcomers face the challenge of building liquidity and investor trust in markets already offered by established publishers.
