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Trump Media & Technology Group (TMTG), behind Truth Social, has filed an amended S-1 registration with the SEC for its Truth Social Bitcoin ETF, ticker “B.T.,” aiming to track Bitcoin’s price performance. The filing, submitted on August 11, 2025, lacks key details like fees or a final ticker symbol, as noted by Bloomberg’s Eric Balchunas. Crypto.com will serve as the exclusive Bitcoin custodian, prime execution agent, and liquidity provider, with Yorkville America Digital as the fund’s sponsor. The ETF’s launch awaits SEC approval and Form 19b-4 clearance, with shares set to list on NYSE Arca. This move aligns with TMTG’s broader crypto strategy, including a $2 billion Bitcoin treasury and potential Ethereum ETFs. However, critics like Senators Warren and Merkley raise concerns over conflicts of interest due to TMTG’s ties to former President Trump.
In parallel, Crypto.com is expanding its custody services, leveraging its U.S.-based Crypto.com Custody Trust Company to secure digital assets for TMTG’s ETF and future funds. This follows a March 2025 partnership with TMTG to support a series of crypto ETFs, including a basket incorporating CRO and other assets. Crypto.com’s role enhances the ETF’s credibility, addressing investor concerns about security in the volatile crypto market.
These developments signal growing institutional interest in regulated crypto products, with TMTG competing against giants like BlackRock and Fidelity in a crowded ETF market. Crypto.com’s custody expansion positions it as a trusted player for secure crypto investments. As the SEC reviews TMTG’s filing, the crypto ecosystem continues to mature, promising increased liquidity and investor confidence. Stay updated on this evolving story in the dynamic world of cryptocurrency investment.
