Morgan Stanley again adjusts its Fed forecast, now sees 4 cuts in 2026
SARASOTA, Fla. - Trump Media and Technology Group Corp. (NASDAQ:DJT), currently trading at $15,340.40 with significant trading activity averaging 152.86M shares over the past three months, announced Monday it has filed the first amendment to its registration statement with the SEC for the Truth Social Bitcoin ETF, which will trade under the ticker "B.T."
The ETF will hold bitcoin directly and aims to reflect Bitcoin’s price performance, according to a company press release. Crypto.com will serve as the exclusive Bitcoin custodian, prime execution agent and liquidity provider for the fund.
The launch remains contingent on SEC approval of both the registration statement and a Form 19b-4 filing. Upon approval, the shares will be listed on NYSE Arca.
Yorkville America Digital is acting as the sponsor of the ETF, which is expected to launch later this year.
Trump Media, which operates the social media platform Truth Social and streaming service Truth+, has been expanding its financial services offerings under the Truth.Fi brand. The company’s stock has shown resilience, maintaining a 52-week range of $12,470.80 to $17,845.72. For deeper insights into DJT’s financial health and growth potential, explore InvestingPro’s comprehensive analysis tools.
The company noted in its statement that shares of the ETF cannot be sold, nor offers to buy accepted, until the registration statement becomes effective.
Trump Media’s announcement follows the broader trend of cryptocurrency-based exchange-traded funds gaining regulatory approval in recent years, with this ETF representing the company’s first entry into the digital asset investment space.
In other recent news, Trump Media and Technology Group Corp. has been actively pursuing several ventures related to cryptocurrency and stock buybacks. The company has filed a registration statement with the SEC for the Truth Social Crypto Blue Chip ETF, which plans to allocate 70% of its assets to Bitcoin, 15% to Ether, and smaller percentages to other cryptocurrencies like Solana, Cronos, and Ripple. Additionally, Trump Media has announced a separate filing for a Bitcoin and Ethereum ETF, which would allocate 75% of its assets to Bitcoin and 25% to Ethereum.
In a significant financial move, Trump Media has secured approximately $2.3 billion through debt and equity subscription agreements with around fifty investors. This funding is intended to develop a Bitcoin treasury and for general corporate purposes. The company also announced a stock buyback program, authorizing the repurchase of up to $400 million of its common stock. Furthermore, Trump Media is preparing to launch the Truth Social Bitcoin ETF in collaboration with Crypto.com, which will serve as the exclusive Bitcoin custodian and liquidity provider. The launch of this ETF is pending SEC approval and aims to track Bitcoin’s market performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.