Trump Media & Technology Group Initiates Process for Truth Social Bitcoin ETF

The Trump Media & Technology Group (TMTG) is planning to launch a Bitcoin ETF named Truth Social Bitcoin ETF, as revealed in a recent SEC filing. The ETF, which will be listed by NYSE Group Inc., is being created in partnership with Yorkville Advisors.

Although it will be one of over 60 US funds linked to BTC, it will be unique in that it will buy the asset and monitor its price like the already approved and trading ETFs. Critics have raised the issue of potential conflict of interest due to Trump's involvement in cryptocurrency policy and businesses.

However, the White House maintains that Trump is separate from the businesses using his name, and his TMTG shares have been transferred to a trust controlled by his son.