
Truth Social Ventures into Bitcoin with ETF Proposal
Truth Social, the social media platform supported by Donald Trump, is making a significant move into the cryptocurrency market by aiming to launch its own Bitcoin ETF.
Truth Social, a platform affiliated with Donald Trump, is making strides into the world of cryptocurrency. The company recently submitted an application to the Securities and Exchange Commission (SEC) for the establishment of a Bitcoin ETF called the Truth Social Bitcoin ETF. This step positions Trump’s media firm amidst the burgeoning interest in crypto investments.
What’s in the Filing?
The application from NYSE Arca seeks to amend trading rules to allow this ETF on its exchange. This fund offers a means for investors to gain exposure to Bitcoin without the hassles of owning or maintaining the asset, thus simplifying the investment process.
BREAKING
President Trump’s social media firm Truth Social is set to launch a spot #BitcoinETF.
NYSE Arca submitted documents to the SEC on Tuesday.
Insiders suggest that the expense ratios for the ETF are expected to be neither ‘Big’ nor ‘Beautiful.’
— James McKay (@McKayResearch) June 4, 2025
This type of ETF gained massive popularity after the SEC approved similar products in 2024, allowing companies like BlackRock and Fidelity to capitalize on a rapidly expanding market.
Why Truth Social?
Trump Media has been positioning itself to expand its offerings into financial products, particularly cryptocurrency. Earlier this year, the firm filed trademarks for Bitcoin-focused financial products, signaling their intent to deepen their involvement in the crypto arena.
Politics, Timing, and the Bigger Play
With Trump gearing up for a presidential run, the timing of this ETF application aligns closely with his pro-crypto narrative. His discourse increasingly includes themes around self-custody and opposition to central bank digital currencies, making the launch feel very much in character for his campaign.
Will the SEC Approve It?
The SEC will have up to 240 days to respond to this ETF application, although it often provides feedback sooner. However, there is no guarantee of approval, as there may be concerns relating to custody, pricing, and the branding of the product.
What This All Means
Ultimately, this marks a pivotal moment where Trump’s company is not merely engaging with Bitcoin discussions but actively seeks to enter the investment marketplace. The initiative reaffirms the growing normalization of Bitcoin in mainstream finance.