Trump Media and Technology Group (TMTG) has filed an amended S-1 registration statement with the SEC for its proposed Truth Social Bitcoin ETF, partnering with Crypto.com as exclusive custodian, trade execution agent, and liquidity provider. The ETF aims to hold Bitcoin directly and track its market price, with shares listed on NYSE Arca under ticker "B.T." upon approval.
The fund's structure allocates 70% to Bitcoin, 15% to U.S. Treasury securities, and 15% to cash equivalents, balancing cryptocurrency exposure with traditional assets. Launch remains contingent on SEC approval of both the S-1 registration and separate Form 19b-4 filing, with TMTG targeting a live launch before year-end 2025.
This initiative forms part of TMTG's broader Bitcoin strategy, which includes building a corporate Bitcoin treasury and expanding digital asset products through its Truth.Fi financial brand. The company has already made substantial Bitcoin acquisitions this year, positioning itself aggressively in the crypto market. The filing occurs amid accelerated SEC review timelines, now reduced to 75 days for compliant applications.
The ETF faces competition from established players like BlackRock, whose spot Bitcoin ETF has drawn billions in inflows since January approvals. Notably, the effort carries political significance as former President Donald Trump—TMTG's majority shareholder—has pledged to promote U.S. crypto leadership and roll back restrictive regulations.