EddieJayonCrypto

 4 Jun 25

tl;dr

NYSE Arca has filed with the US SEC to list the Truth Social Bitcoin ETF, a spot Bitcoin ETF linked to Trump Media & Technology Group (TMTG). This ETF aims to offer investors direct exposure to Bitcoin price movements without owning the cryptocurrency. TMTG is expanding its crypto-related offerings ...

NYSE Arca has filed with the SEC to list the Truth Social Bitcoin ETF, providing investors direct exposure to Bitcoin price movements without owning the cryptocurrency. This initiative marks Trump Media & Technology Group’s (TMTG) expansion into cryptocurrency under its Truth.Fi brand and complements its plan to raise $3 billion for a Bitcoin treasury reserve.

The proposed ETF aligns with TMTG’s broader strategy to diversify its financial services, following the SEC’s January 2024 approval of spot Bitcoin ETFs. Since then, these funds have attracted significant investment, exemplified by BlackRock’s iShares Bitcoin Trust managing over $71 billion in assets. This growth underscores increasing demand for regulated crypto investment products.

The SEC’s review of the Truth Social Bitcoin ETF includes a public comment period and multiple evaluation stages, with a final decision expected within the coming months. Currently, Bitcoin trades near $105,445, reflecting a year-to-date gain of approximately 12%, providing a favorable market backdrop for the new ETF application.

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