Trump’s Truth Social Files for Bitcoin ETF with the SEC – A Bold Move That Could Shake Up the Crypto World!

Jakarta, Pintu News – The proposed Bitcoin (BTC) ETF by Donald Trump’s Truth Social platform marks a major step in the former US president’s expansion of digital finance.

With involvement in various digital assets and platforms, Trump is now diving deeper into the crypto world.

This initiative not only demonstrates business diversification, but also triggers discussions on ethical and political implications.

Crypto Market Penetration by Trump Media

On June 3, NYSE Arca filed an application for the Truth Social Bitcoin (BTC) ETF with the US Securities and Exchange Commission (SEC). This ETF, managed by Yorkville America Digital as a partner of Trump Media & Technology Group (TMTG), marks a serious step in the strategy of expanding into the crypto sector.

Read also: Donald Trump’s World Liberty Financial Shares 47 Free USD1 Stablecoins to WLFI Owners!

If approved, the ETF will be listed on NYSE Arca, with Foris DAX Trust Company, which is affiliated with Crypto.com, as the digital asset custodian. TMTG has announced plans to invest $2.5 billion in Bitcoin (BTC) and other digital assets.

This cooperation includes the development of digital asset products under the Truth.Fi brand, which shows Trump’s ambition to integrate crypto functions into his digital platform.

Bitcoin ETFs and Ethical Concerns

The ETF proposal has sparked debate over potential conflicts of interest, given that Trump still has a large influence in TMTG even though its shares are managed by a trust controlled by Donald Trump Jr.

Critics highlight how intertwined political and business interests could raise ethical concerns, especially if these ETFs gain approval and become part of the existing Bitcoin (BTC) ETF market in the US. The Bitcoin (BTC) ETF market in the US has been growing, with several ETFs already approved since January 2024.

The uniqueness of the Truth Social ETF lies in the media and political support of Trump, which could attract politically motivated investors, but also raise further concerns about the integrity of the market.

Read also: Bitcoin Crashes to $104K — Is History Repeating Itself Like 2017? Massive Surge Incoming?

Other Crypto Projects and the Future of TMTG

In addition to the ETF, TMTG and the Trump family have launched various other crypto initiatives, including NFTs, meme coins, and crypto mining operations.

This project demonstrates Trump’s commitment to not only participate but also lead in the digital finance revolution. This includes the development of a USD1 stablecoin and the establishment of a significant Bitcoin (BTC) treasury.

These initiatives, including plans to integrate utility tokens and digital wallets into the Truth+ streaming service, demonstrate TMTG’s efforts to incorporate crypto functionality into the broader digital ecosystem.

This move not only strengthens TMTG’s position in the crypto market but also sets a precedent for how political figures can influence the evolution of digital finance.

With all these moves, Trump and TMTG seem to be building an empire in the crypto world that includes not only massive investments but also product innovations.

Despite ethical and political concerns, these moves also signal further mainstream acceptance of crypto, with well-known political figures directly involved.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Trump’s Truth Social Files for Bitcoin ETF. Accessed on June 5, 2025
• CoinSpeaker. Trump’s Crypto Empire Grows: Truth Social Files for Bitcoin ETF. Accessed on June 5, 2025
• TronWeekly. Trump’s Truth Social Files for Spot Bitcoin ETF. Accessed on June 5, 2025

*Featured Image: The Market Periodical