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SARASOTA, Fla. - Trump Media and Technology Group Corp. (NASDAQ, NYSE Texas: DJT), currently trading at $14,693.60 and operating within its 52-week range of $12,470.80 to $17,845.72, has filed with the U.S. Securities and Exchange Commission (SEC) to introduce a Bitcoin ETF named Truth Social Bitcoin ETF, B.T. This ETF is designed to directly hold Bitcoin and aims to track the cryptocurrency’s market performance. For deeper insights into DJT’s valuation metrics and growth potential, InvestingPro offers comprehensive analysis and exclusive ProTips.
As the exclusive Bitcoin custodian, prime execution agent, and liquidity provider for the ETF, Crypto.com will play a critical role in its operation. The ETF’s launch is contingent on the SEC’s approval of the initial registration statement and a subsequent Form 19b-4 filing. Once approved, the ETF shares are set to be listed on the NYSE Arca exchange, with Yorkville America Digital serving as the sponsor. The announcement has sparked significant market interest, reflected in DJT’s robust average daily trading volume of 165.11M shares over the past three months.
The announcement comes amid Trump Media’s broader efforts to expand its digital offerings, which include the streaming service Truth+ and the forthcoming financial services and FinTech platform, Truth.Fi.
While the press release contains forward-looking statements regarding Trump Media’s business strategies and financial prospects, including the anticipated success of the ETF and other company ventures, these statements are not guarantees of future performance. They are subject to inherent risks, uncertainties, and assumptions that could cause actual results to differ materially from expectations.
The press release emphasizes that the proposed ETF offering will only proceed through a prospectus, obtainable from the SEC’s EDGAR system once available. The registration statement for the ETF has been filed but not yet activated, and no sales of shares will occur until it becomes effective. Track DJT’s complete financial performance, including its YTD return of -7.56%, along with exclusive analyst insights on InvestingPro.
This news is based on a press release statement from Trump Media & Technology Group and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
In other recent news, Trump Media and Technology Group Corp. has finalized a significant funding round, securing approximately $2.44 billion through a private placement offering with around 50 institutional investors. This capital raise will be used to establish a Bitcoin treasury, positioning the company as one of the top Bitcoin holders among U.S. publicly-traded companies. The offering included a mix of common stock and convertible senior secured notes, with the company planning to use the proceeds to enhance financial flexibility and shareholder value. In another development, Trump Media addressed inaccuracies in a Financial Times report concerning a $2.3 billion stake sale by the company’s president, clarifying details through an 8-K filing with the Securities and Exchange Commission. Meanwhile, Rumble, a video-sharing platform, announced its participation in the Bitcoin 2025 conference, where its CEO will discuss free speech in relation to Bitcoin and Rumble’s platform. The company’s involvement in the conference highlights its commitment to integrating cryptocurrency into its business model. Lastly, Goldman Sachs analysts suggest that the Trump administration may use alternative tariff powers following a court ruling against its use of the International Emergency Economic Powers Act to impose tariffs.
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