Trump Media & Technology Group (TMTG) has initiated the regulatory process for a spot Bitcoin exchange-traded fund (ETF) associated with its Truth Social platform.
The proposed Truth Social Bitcoin ETF is designed as a direct-hold investment vehicle, meaning it would hold underlying Bitcoin assets directly.
Crypto.com has been designated as the trusted custodian responsible for securely managing the fund’s Bitcoin holdings.
This structure aims to enhance Bitcoin’s liquidity for investors through a single-asset ETF offering, aligning with current market preferences.
The filing underscores the potential for this ETF to significantly reshape investment opportunities by providing regulated exposure to Bitcoin.
However, the launch and impact of the Truth Social Bitcoin ETF remain entirely contingent upon receiving necessary approval from the U.S. Securities and Exchange Commission (SEC).