Trump Media & Technology Group has submitted an updated application proposing to issue a Bitcoin ETF directly holding Bitcoin, awaiting SEC approval.
Truth Social's Bitcoin ETF helps investors easily access Bitcoin without needing to self-store. Crypto.com has been designated as the main custodian for the fund's digital assets.
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Truth Social has updated its registration profile for the Bitcoin ETF that directly holds Bitcoin.
Crypto.com is selected as the main custodian for the fund.
The fund is waiting for SEC approval to list on the NYSE Arca.
How did Truth Social submit the direct Bitcoin ETF application?
On August 11, 2025, Truth Social announced it has submitted the first amendment to the Form S-1 registration application to the U.S. Securities and Exchange Commission (SEC) for the Bitcoin ETF trading under the symbol B.T.
The special point is that this fund will directly hold actual Bitcoin, rather than derivative contracts related to Bitcoin prices. This allows investors to indirectly own Bitcoin without needing to store or manage wallets themselves.
Information from Twitter released by Wu Blockchain also confirms that DJT submitted an official amendment and designated Crypto.com as the sole custodian for the fund.
"Crypto.com will be responsible for securely safeguarding the fund's digital assets, ensuring transparency and security for investors."
Statement by Truth Social's representative, August 2025
How will this ETF fund be managed and operated?
In addition to Crypto.com as the custodian holding Bitcoin, the fund is also sponsored and managed by Yorkville America Digital throughout the development process and preparation for market launch.
Choosing Crypto.com – one of the largest and most reputable cryptocurrency exchanges – as the custodian adds reliability to the fund, which is an important factor in protecting investors' digital assets.
The newly submitted application has updated the requirements from the SEC after the agency postponed its decision for an additional 45 days for further review.
What is the current approval progress of Truth Social's Bitcoin ETF?
The fund is currently awaiting approval from the U.S. Securities and Exchange Commission, including the approval of the registration application and the effectiveness of the Form 19b-4 filing. Once approved, the fund's shares will be listed on the NYSE Arca, opening up popular investment opportunities for many individual investors.
Bitcoin ETFs are becoming an increasingly popular investment option due to simplifying access to cryptocurrency and minimizing storage risks. If approved, this fund will join the ranks of spot Bitcoin ETFs in the U.S. that have attracted billions of dollars in investment.
"The ETF fund directly holding Bitcoin allows investors to easily access digital assets without needing to manage wallets or private keys."
Expert opinion, August 2025
What are the standout factors in the Truth Social Bitcoin ETF application?
A highlight in the registration application is that the fund will directly hold Bitcoin instead of derivative contracts. This reassures investors about the risks of contract interactions and asset transparency.
Crypto.com is selected as the custodian responsible for securing Bitcoin while ensuring asset governance according to international safety standards.
In addition, legal procedures such as the Form S-1 and 19b-4 filings have also been updated to meet the SEC's stringent requirements to bring the product to market soon.
What are the main benefits of investing in this Bitcoin ETF fund?
Investing in the Bitcoin ETF helps investors avoid risks such as losing personal keys, wallet account fraud, or other technical issues related to cryptocurrency storage.
At the same time, being listed on the NYSE Arca makes the fund easier to trade, with higher liquidity and much more transparency compared to buying and selling Bitcoin on the black market.
This also serves as a bridge for traditional investors and institutions to easily incorporate Bitcoin into their legal and convenient investment portfolios.
Frequently Asked Questions
What makes Truth Social's Bitcoin ETF different?
The fund directly holds actual Bitcoin, not just tracking the price through derivative contracts, helping investors access real assets more safely.
What role does Crypto.com play in the fund?
Crypto.com is the custodian that securely holds and preserves all the Bitcoin of the fund, ensuring transparency and asset security for investors.
Has this ETF fund been approved by the SEC?
The fund is still waiting for the SEC to review and approve the application, which is expected to list on the NYSE Arca after being approved.
How can investors buy and sell the ETF?
When the fund is listed, investors can trade ETF shares like other stocks on the NYSE Arca with simple fees and procedures.
Is investing in an ETF safer than buying Bitcoin directly?
The ETF fund minimizes personal storage and technical management risks, suitable for investors seeking safety and not specialized in digital assets.
Source: https://tintucbitcoin.com/bitcoin-etf-tren-truth-social-mo-rong-tien-dien-tu/
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