#BTCReclaims120K $BTC

Trump Media & Technology Group Corp (NASDAQ:DJT) has filed an amended registration statement with the Securities and Exchange Commission for the Truth Social Bitcoin ETF, according to the company's announcement. The ETF will hold Bitcoin directly and aims to track the performance of Bitcoin's price.

Crypto.com will serve as the Bitcoin custodian for the ETF, as well as the primary execution agent and liquidity provider. Yorkville America Digital serves as the sponsor of the fund.

The launch of the ETF is dependent on the effectiveness of the registration statement and the approval of the Form 19b-4 submission with the Securities and Exchange Commission. Once launched, shares will be listed on the NYSE Arca.

Trump Media operates the Truth Social platform, the streaming service Truth+, and the financial services brand Truth.Fi. The company mentioned this information in a press release.

The registration statement has been submitted but is not yet effective. No shares can be sold until the registration statement becomes effective, according to the company's disclosure.