In a bold move merging politics, media, and cryptocurrency, Trump Media & Technology Group the parent company of Truth Social is taking a swing at Wall Street by backing a spot $BTC Bitcoin ETF.
📈 According to a new filing with the U.S. Securities and Exchange Commission (SEC), NYSE Arca has submitted a proposal to list the Truth Social Bitcoin ETF. If approved, the fund would mirror the price of Bitcoin, following the structure of existing spot ETFs already trading in the U.S.
The application was submitted by Yorkville America Digital, working in tandem with Trump Media. If greenlit, Foris DAX Trust Company is set to act as the ETF's custodian handling the secure storage of the fund’s Bitcoin holdings.
This marks a striking entry into the crypto space by former President Donald Trump’s media venture, signaling growing institutional and political interest in digital assets. The move comes amid a surge in Bitcoin adoption and increased investor demand for crypto-linked financial products.
Stay tuned as the SEC reviews the proposal Truth Social’s Bitcoin ETF could be one of the most talked-about financial launches of the year.
#TrumpTariffs #TrumpMediaBitcoinTreasury #MarketPullback #CryptoManMab
