Trump Media files for Truth Social Bitcoin ETF on NYSE Arca.
Yorkville America Digital sponsors the proposed Bitcoin ETF.

According to a document that was submitted to the Securities and Exchange Commission, NYSE Arca has updated its list of securities to include the Truth Social Bitcoin ETF. On June 4, 2025, Trump Media and Technology Group filed an application for a cryptocurrency exchange license.

Truth Social Bitcoin ETF (B.T.) is said to follow the price of Bitcoin, according to the registration. NYSE Arca used Rule 8.201-E when making their proposal, in line with Section 19(b)(1) and Rule 19b-4 of the 1934 Act.

The majority of shares in Trump Media (which operates Truth Social) are owned by President Donald Trump. The company secured $2.5 billion in a private placement to create a Bitcoin fund which reveals it plans to invest significantly in crypto.

The document does not mention the ticker or any expenses charged by the ETF. The document includes Exhibit 1 with the notice about the need to comply with the rule change.

Partnership with Crypto.com Drives ETF Development

With the help of Crypto.com, Trump Media’s Truth Fi subsidiary will be able to provide exchange-traded funds (ETFs). The Bitcoin that is held by the exchange-traded fund (ETF) will be managed by Foris DAX Trust Company LLC, which is a subsidiary of Crypto.com, as was stated in 2025.

The company is focused on applying new digital tools to how it operates. At the start of 2025, the organization began Truth.Fi, a fintech sector launched to help clients manage their crypto assets by launching ETFs and offering separate accounts.

With the sale of 55.9 million common shares at $25.72 apiece, Trump Media was able to generate $1.44 billion in the most recent capital raising. The company also issued $1 billion in convertible senior secured notes with an expiration date of 2028, for a total of $2.5 billion.Any new funds received through fees will be put into the Bitcoin treasury and help with company operations.

Trump Media’s Growing Crypto Ambitions

The decision reveals that cryptocurrency is becoming more important for Trump Media. The company claims that it wants to make a big impact in digital assets by relying on its financial strength and existing relationships.

As of December 2024, the Trump Media company set up a corporate Bitcoin treasury which sets it among the leading U.S. Bitcoin holders among publicly traded companies. The company stated that cryptocurrency gives it a way to defend itself against problems that may affect financial institutions.

Donald Trump has publically supported cryptocurrency by introducing the $TRUMP memecoin as well as World Liberty Financial with his family. He is planning to help the U.S. become important in crypto by proposing policies that include Bitcoin on the national balance sheet.

As soon as spot Bitcoin ETFs launched in January 2024, their managed assets surpassed $130 billion. According to CoinDesk, it’s the rise in demand from institutions to safeguard against inflation that led Trump Media to participate in this field.

According to the U.S. Securities and Exchange Commission documents, ProShares is selling the ETF through existing brokerage accounts to make investing in Bitcoin accessible to more retail investors.

The post Trump Media Submits Bitcoin ETF Filing, Signals Crypto Expansion appeared first on Live Bitcoin News.

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Filed under: Bitcoin - @ June 4, 2025 7:12 pm