BIG BREAKING: Truth Social Files S-1 with #SEC for Bitcoin #ETF
June 5, 2025 – In a surprising development that could reshape the digital asset landscape, Truth Social, the social media platform founded by former U.S. President Donald #TRUMP , has officially filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the launch of a Bitcoin Exchange-Traded Fund ($ETH ).
The filing signals a bold pivot by the media company into the world of cryptocurrency investment products, marking one of the most unconventional entries into the financial markets by a social media firm to date.
Details of the ETF Filing
According to the preliminary S-1 document, Truth Social intends to list the ETF on a major U.S. exchange under the proposed ticker "TRUTH$BTC ". The fund will directly hold spot Bitcoin and is designed to provide investors with exposure to BTC without the need to directly purchase or custody the asset themselves.
Notably, the ETF will be backed 1:1 by physical Bitcoin held in cold storage with an institutional-grade custodian. The document also mentions partnerships with key players in the crypto space, although no specific names have been disclosed as of now.
What This Means for the Market
The move comes amidst renewed institutional interest in Bitcoin and a flurry of ETF activity following the SEC’s approval of multiple spot Bitcoin ETFs earlier this year. However, Truth Social’s entrance into the ETF race brings a highly politicized and media-savvy brand into the fold, which could have unique implications for investor sentiment and market dynamics.
If approved, the TRUTHBTC ETF would be the first digital asset product launched by a company with deep political affiliations, potentially opening new avenues for retail and conservative-leaning investors to enter the crypto market.
Industry Reaction
The crypto industry has reacted with a mix of curiosity and cautious optimism. Binance Research analysts note that, while Truth Social’s core business is media and not finance, the brand recognition and high-profile leadership could attract significant inflows—especially from demographics historically underrepresented in crypto.
“Regardless of politics, this filing underscores how mainstream Bitcoin has become,” one analyst said. “A move like this was unthinkable a few years ago.”
What’s Next?
The SEC will now begin its review of the S-1, a process that can take several months and often includes rounds of comments and amendments. Investors and market participants will be watching closely for signs of regulatory feedback.
In the meantime, Truth Social’s filing adds to the growing momentum behind Bitcoin ETFs in the United States and serves as yet another signal that digital assets are rapidly entering the traditional financial ecosystem.
