Trump Media and Technology Group, majority-owned by Donald Trump, filed a Form S-1 for Truth Social Bitcoin ETF on June 5 to introduce a spot Bitcoin ETF to US investors.
The proposed Truth Social Bitcoin ETF would hold spot Bitcoin and list on NYSE Arca, exposing investors to cryptocurrency via shares on the stock exchange.
The S-1 filing includes exclusivity clauses involving Crypto.com and provides detailed information about the fund's structure, strategy, and risk disclosures.
Approval for the Truth Social Bitcoin ETF would deepen Trump's ties with the crypto market, following the announcement of a $2.3 billion offering to create a corporate Bitcoin treasury.